28 Apr April Newsletter 2021
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important developments up to and including 19 March 2021.
It’s time to consider FBT –
If your business has provided any benefits to your employees, you may be
liable for fringe benefits tax. FBT returns and payments are generally due to
the ATO by 21 May.
ATO reminder: lodge your TPAR –
Taxable payments annual reports for the 2019–2020 income year are now
long overdue, but the ATO says around 60,000 businesses still haven’t
COVID-19 stimulus and support measures winding back –
Businesses and individuals need to prepare for an environment were the
government safety net is not as wide.
Life insurance in super: costs on the way up? –
Having insurance through superannuation can be a tax-effective and cost
effective way of protecting yourself and your loved ones, but the Australian
Prudential Regulation Authority has noted concerning developments that
may see the costs rise in coming years.
Please contact us if you wish to discuss how the points raised in Client Alert specifically affect you.
Yours sincerely The Team at Rittwatchman & Associates