April Newsletter 2021

tax news | views | clues

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

lodged theirs.


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


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