2nd Quarter 2021

21 OCTOBER 2020

• Annual pay as you go (PAYG) instalment notice (Form N) – due date for payment. Lodgement is only required if you vary the instalment amount or use the rate method to calculate the instalment.

• September 2020 monthly activity statements - final date for lodgement and payment.

The Australian Taxation Office (ATO) continues to provide ongoing support to employers to assist them to prepare for the next phase of JobKeeper payments. The JobKeeper Payment scheme has been extended from 28 September 2020 until 28 March 2021 (Extension 1 period from 28 September 2020 to 3 January 2021 and Extension 2 period from 4 January 2021 to 28 March 2021).

If you have received a cash flow boost, you need to know how this impacts your tax return this year. There are four essentials when lodging:

The Australian Taxation Office (ATO) has released guidance on the tax treatment of a range of State and Territory business support measures, including direct grants, payroll and other tax relief, and expense reimbursements.