The first round of JobKeeper ended on 27 September 2020. The Government has decided the scheme will continue for an additional 6 months until 28 March 2021. Key changes: More employees are eligible for JobKeeper The eligibility rules will be revised The payment rates will be reduced To receive JobKeeper from 28 September 2020, employers […]
Read MoreDeducting your Superannuation Contributions Pay by COB Tomorrow to Ensure your Deductions for 2020 EOFY!!! June 30 is only next week!!! A friendly reminder that if you are wanting to ensure your contributions for you personally, or through your business on behalf of you and other staff are tax-deductible for 30 June 2020, you need to […]
Read MoreWorking from home A review of the key principles and rules With the advent of new work arrangements arising from the COVID-19 chaos, we thought it might be timely to review the key rules for claiming deductions associated with working from home. After all, working from home is likely to be the new norm for […]
Read MoreATO Payment Relief Overview Variation of pay as you go instalment (PAYGI) to zero and claim a refund for instalments already paid for September and December 2019 quarters. Deferring by up to 6 months the payment date of amounts due through the activity statement (including PAYGI), income tax assessments, fringe benefits tax assessments and excise […]
Read MoreIf you run your business as a sole trader, or receive a share of small business income from a trust or partnership, don’t forget you may be able to save up to $1,000 on your tax bill by claiming the small business income tax offset. The offset is worked out based on the proportion of […]
Read MoreOn 2 November 2018, the Deputy Commissioner of Small Business, Deborah Jenkins, delivered a keynote address at a conference run by a national accounting body outlining the main tax issues the ATO is seeing in small businesses. These are: claiming private expenses through the business; how to attribute business and private use to an asset; […]
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