25 February ATO provides tax relief and assistance for businesses impacted by bushfires February 25, 2020 By Jenny Le General 0 On the 20 January the ATO advised that they had extended a package of tax assistance for people impacted by the recent devastating bushfires in New South Wales, Victoria, Queensland, South Australia and Tasmania as part of the whole-of-government response to the disaster. Approximately three and a half million businesses, individuals, and self-managed superannuation funds in impacted local government areas will now have until 28 May 2020 to lodge and pay business activity statements and income tax returns. Additionally, the Australian Taxation Office (ATO) is fast tracking any refunds that are due to taxpayers in the impacted regions. This tax assistance currently applies to multiple local government areas in New South Wales, Victoria, Queensland, South Australia and Tasmania. A complete list is available at ato.gov.au/Natural Disasters. Related Articles Why ‘Going Digital’ Isn’t a Reality for Many Australian Small Businesses Is your small business facing big challenges when trying to go digital? Inside this article, Despina talks about some of the biggest obstacles that small businesses face, why they can't be ignored any longer, and what you can do as a limited-resource business to turn up your marketing and give your larger competitors a run for their money. Vivid shines light on Sydney businesses Businesses in the CBD are being encouraged to prepare for a bustling period when Sydney is transformed into a luminous and radiant city during the Vivid Festival later this month. Flood disaster recovery small business grant now available The NSW Government is helping businesses to rebuild and recover in the aftermath of the recent NSW storms and floods with the launch of a new Flood Disaster Recovery Small Business Grant. Australia - Hong Kong Free Trade Agreement entered into force The trade agreement with Hong Kong entered into force on 17 January 2020. A-HKFTA provides Australian businesses greater certainty to trade and investment activities in Hong Kong. Reducing payment friction in challenging times As the business world regains a sense of normality, the accommodation sector still needs to mitigate safety risks, including carefully rethinking check-in and checkout processes and any area that requires the exchange of cash or credit and debit cards. Accommodation Association of Australia reveals new members nationwide The Accommodation Association of Australia (AAoA) has received the backing of two of the nation's most important businesses, Quest Serviced Apartments and the Schwartz Family Company. Showing 0 Comment Comments are closed.