Tax and Accounting v2

VISA NEWS – July 2022

Australian Entry/Exit requirement changes   From 6 July 2022 Australian entry/exit requirements have changed as follows:
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July 2022 Practice Update

ATO’s small business focus for 2022 income year   The ATO announced that it will be focussing on the following matters for small business tax returns for the 2021/22 year:
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VISA NEWS – June 2022

SC 485 – Provisional skills assessment concessions   Prior to the recent election, previous Minister Hawke’s announced on 25 November 2021 that as a concession during the COVID-19 pandemic, the stay period on the Temporary Graduate (subclass 485) Graduate Work Stream visa will increase from 18 to 24 months and application requirements would be streamlined…
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June 2022 Practice Update

ATO priorities this tax time   The ATO has announced four key areas that it will be focusing on for Tax Time 2022:
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VISA NEWS – May 2022

‘Legacy’ 457 Visa Holders Age Restriction Waived for s186 Applications.   Reg 186.221(b) allows an exemption from the age requirement for specified persons, in this case legacy 457 workers.
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May 2022 Practice Update

No reduction in the Private Health Insurance rebate as of 1 April 2022   An event that we have become accustomed to every 1 April, is that the amount of the Private Health Insurance (‘PHI’) rebate decreases.
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April 2022 Practice Update

2022-2023 Budget Measures that are now law Low and Middle Income Tax Offset   A measure that will no doubt be beneficial for individual taxpayers is the increase in the Low and Middle Income Tax Offset (‘LMITO’) for the 2022 income year by $420.  The LMITO is a tax offset which reduces an individual taxpayer’s…
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2022 BUDGET VISA NEWSLETTER

As is normally the case, there were several announcements associated with the migration program contained in the Federal Budget. These are summarised as follows:
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VISA NEWS – March 2022

Australian Agricultural Worker Visa (subclass 403 Stream)   The Australian Agricultural Worker stream visa opened for applications on 5 March 2022.
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