Are you eligible for the small business income tax offset?
July 9, 2020 9:47 am Leave your thoughtsThe small business income tax offset can be used to reduce the tax you pay by up to $1,000 a... View Article
Categories for tax
COVID-19 factors to remember when filing your tax return
July 2, 2020 8:35 am Leave your thoughtsThe end of the financial year has rolled around again, but this time, COVID-19 may affect the way you fill... View Article
Cars and taxes for 2020-21 financial year
June 25, 2020 9:16 am Leave your thoughtsNew car threshold amounts will be implemented from 1 July 2020. Understanding the new thresholds and how they may affect... View Article
Landlord tax obligations under COVID-19 circumstances
June 18, 2020 10:09 am Leave your thoughtsProperty investors may have a number of tenants that have temporarily paused their rent payments or are not paying the... View Article
Claiming self-education expense deductions
June 11, 2020 8:30 am Leave your thoughtsIndividuals upskilling and educating themselves during these down times may be eligible to claim a deduction for their self-education expenses.... View Article
Closely held payees exemption to be extended
June 2, 2020 11:53 am Leave your thoughtsEmployers with 19 or fewer employees are temporarily exempt from reporting ‘closely held (related) payees’ through Single Touch Payroll enabled... View Article
What you need to know about fringe benefits tax
May 28, 2020 2:10 pm Leave your thoughtsA fringe benefits tax (FBT) is a tax paid on benefits provided to employees (usually non-cash). FBT is calculated based... View Article
Tax implications for workers with COVID-19 mobility restrictions
May 19, 2020 9:45 am Leave your thoughtsEmployees who are not living or working in their regular location due to COVID-19 mobility restrictions need to be aware... View Article
JobKeeper GST turnover test released
May 14, 2020 10:46 am Leave your thoughtsThe ATO has published a ruling on the decline in turnover test for businesses applying for the JobKeeper scheme as... View Article
What you need to know about lodgement deferral dates
May 4, 2020 11:47 am Leave your thoughtsDue to COVID-19 and unforeseen financial circumstances, the ATO has announced a series of lodgement deferral dates available for tax... View Article