Hot Issues
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FBT Reminder – Odometer Reading
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ATO’s debts on hold campaign prompts new IGTO guidance
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A comprehensive collection of small business benchmarks
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The 2025 Financial Year tax & super changes you need to know!
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Underperforming employees: When can you terminate?
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A comprehensive list of guides to industry specific tax deductions.
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‘Renewed concerns’ about economy sees consumer sentiment dip: Westpac
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Oldest Buildings in the World.
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Small businesses may ‘collapse under strain of payday super’, IPA warns
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ATO’s hands tied with scrapping on-hold debts, expert says
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What Drives Your Business Growth and Profits?
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Australian Taxation Office (ATO) shifting to firmer debt collection activity
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Why employee v contractor comes down to fine print
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Sharing economy reporting regime for platform operators
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Countries producing the most solar power by gigawatt hours
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Illegal access nets $637 million
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Accessing superannuation benefits.
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Does your business have a company Power of Attorney?
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Labor tweaks stage 3 tax cuts to make room for ‘middle Australia’
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GrantConnect
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2 in 3 SMEs benefit from instant asset write-off, survey reveals
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Updated guidance on R&D claims
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Do you know how to recover debts?
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Wheat Production by Country
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Types of small business benchmarks
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What is a Commercial Lease?
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Vimeo test
Article archive
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Quarter 1 January - March 2024
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Quarter 4 October - December 2014
Quarter 3 of, 2021 archive
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Lockdowns and mental health
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Unemployment rate falls to 12-year low
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ATO issues warning to first-time investors
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World's largest armies 1816 - 2020
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Extra 'super' step when hiring new employees
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Pitfalls and proposed changes in the use of R&D tax incentives
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Government expands SME loan scheme eligibility
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COVID-19 disaster payments to be tax-free: Prime Minister Scott Morrison
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‘Nowhere to hide’: New gig economy reporting regime set to debut
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Hardship priority processing of tax returns
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ATO Small Business Newsroom - July / August
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Videos and other resources for our clients
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‘Mammoth consequences’: ATO’s NALI ruling draws ire from accountants
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Superannuation Guarantee Rates Reminder
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NSW support measures, plus update for payroll tax.
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Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
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Year-end tax planning
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Home Office & end of 2021 tax year
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ATO extends STP finalisation due date
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Super transfer balance cap increase from 1 July 2021
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ATO extends Division 7A COVID-19 relief
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Tax implications - more than one job
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Tax mix to rely more heavily on income tax as the Treasurer ducks austerity
Hardship priority processing of tax returns

 

If your business is experiencing financial difficulties due to the latest lockdowns, the Australian Taxation Office (ATO) may be able to help by processing your tax return faster and expediting the release of any refund to you.

 

       

Priority processing of a business tax return doesn’t guarantee a refund.  If your business has outstanding tax or other debts with Australian government agencies, the credit from a return may be used to pay down those debts first.

You can apply for ATO priority processing through your tax professional after the lodgement of the tax return in question.  Once the initial request for priority processing is received, you’ll be notified and contacted if more information is required.  Processing will take more time for businesses that have lodged several years’ worth of income tax return amendments at the same time, and for those that have unresolved tax debts.

Before lodging any priority processing request, check the progress of your return by contacting your tax professional.  If the return is in the final stages of processing, you may not need to lodge a priority processing request - the return will be finalised before the ATO has an opportunity to consider the request.

 

 

 

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