Unpaid Trust Distributions: ATO's Rulings vs. Recent AAT Decision and What It Means for 2023
It has long been the ATO’s practice to treat a trust’s unpaid present entitlements (“UPE”) to a company as a loan for th...
Schedule X – unpaid pandemic leave was provided for in 99 modern Awards in 2020, in response to the Covid-19 pandemic. The expiry date of Schedule X has been extended to 30 June 2022, but only for some Awards. Not all Awards.
Here is the link to the Fair Work Ombudsman’s website to check whether your modern Award provides for unpaid pandemic leave
https://coronavirus.fairwork.gov.au/coronavirus-and-australian-workplace-laws/pay-leave-and-stand-downs/unpaid-pandemic-leave-annual-leave-changes-in-awards
Schedule X provides for up to 2 weeks of unpaid pandemic leave (or more, if agreed between an employer and employee) if an employee is unable to work because:
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It has long been the ATO’s practice to treat a trust’s unpaid present entitlements (“UPE”) to a company as a loan for th...
Small businesses with an aggregated turnover of less than $50 million will be able to claim a bonus deduction equal to 2...
From the 1 July 2023 your wages data collated from your Single Touch Payroll (STP) lodgments will be prefilled into your...