September Newsletter 2021

tax news | views | clues

September 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 20 August 2021.


Single Touch Payroll update

From 1 January 2022, most employers will be required to send additional information through STP as part of Phase 2 of the rollout. 

Tax time 2021: rental property pitfalls

The ATO is again closely monitoring tax deduction claims in relation to rental properties.

 New sharing economy reporting regime proposed

The government is seeking to legislate compulsory reporting for sharing economy platforms to more easily monitor tax compliance and reduce the need for ATO resources.

Reminder: super changes for the 2021 financial year

Individuals aged 65 and 66 can now access the bring-forward arrangement for non-concessional super contributions, the excess contributions charge is removed, and individuals can now recontribute a COVID-19 super early release amount without hitting their non-concessional cap.

September 2021September 2021Please contact us if you wish to discuss how the points raised in Client Alert specifically affect you.


Yours sincerely

RittWatchman & Associates



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