The key measure announced is the “Jobs Plan” consisting of $619m to enhance services to help people find jobs and to fund wage subsidies to get people back to work, particularly women aged over 45. Payroll tax concessions will also be expanded and small to medium businesses will be eligible for a tax credit for hiring and rehiring workers.
While many businesses are focusing on meeting ever changing health regulations as well as the health of their customers and staff. The tax side of things shouldn’t be neglected, especially GST. The ATO has recently provided some insights on its methodologies for selecting entities for its GST assurance programs as well as how it tailors its compliance approach and the tools it has at its disposal.