Practice Update August 2021
Practice Update August 2021 covers following points:
- Reminder of superannuation caps indexation for 2022
- Division 7A benchmark interest rate for 2022 remains unchanged
- Changes to STP reporting from 1 July 2021
- Maximum contributions base for super guarantee
- The ‘gigs up’ with a new sharing economy reporting regime
- Taxable Payments Annual Reports (‘TPARs’) due 28 August
- New FBT retraining and reskilling exemption available