2020 Tax Planning – What you need to know
The instant asset write-off Allows instant deductions for capital assets (up to $150,00 per item**) acquired prior to 30.06.2020. Pool balances under $150,000 at 30 [...]
COVID-19 work-from-home expense questions and CGT concerns
There are many questions being asked lately about claiming expenses when forced to work from home over the COVID-19 period - plus a lot of [...]
Snapshot: The JobKeeper Payment
The JobKeeper payment is a subsidy of $1,500 per fortnight per eligible employee paid in arrears to the employer by the ATO. It’s for businesses [...]
$1,500 JobKeeper subsidy to keep staff employed
Date · From 30 March 2020 for six months · For employees employed at and from 1 March 2020 · First payments in first [...]
The Second $66.1 bn Stimulus Package: What You Need To Know
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides [...]
The Stimulus Package: What You Need To Know
The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the Coronavirus. The yet to [...]
Bushfire relief from ATO obligations
The ATO has provided relief from lodgement compliance and payment obligations for those impacted by the bushfires. An automatic two month deferral for activity statement [...]
Your right to know. Can the tax office take money out of your account?
You might have seen the recent spate of media freedom advertisements as part of the Your Right to Know campaign. The prime-time advertising states that [...]
Three wise FBT tips for Christmas
Employers know that popping a champagne cork or two to celebrate the festive season lets staff know their efforts are appreciated, but the well-prepared business [...]
What to do if you get audited
No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter – [...]