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Accessing COVID-19 Cash Flow Boost
Accessing COVID-19 Cash Flow Boost Legislation has been enacted to provide temporary cash flow support to small and medium businesses and not-for-profit organisations that employ staff during th...
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MYTH or FACT? – Meal expenses incurred during ride sourcing are claimable
Very often we are asked if meal expenses incurred while driving Uber, Ola, DIDI or using any other ride sourcing platform are deductible. We’ve noticed a spike...
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Work from Home?
If you’re working from home, you may be able to claim some of your home office expenses at tax time. You’ll need to make sure your deductions meet the three go...
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Coronavirus Stimulus Package to support Businesses
On 12th March 2020, The Morrison Government has announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support house...
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Forfeiture of Rental Bond
Rental and other rental-related income is the full amount of rent and associated payments that you receive, or become entitled to, when you rent out your property...
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Superannuation guarantee amnesty bill passed by Parliament
Superannuation guarantee amnesty bill passed Parliament on 24 February 2020 and has now received Royal Assent and is law. This law change provides a number of ...
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Cash versus Accrual Accounting
Accounting methods for business income The amounts you include as your assessable income in any income year depend on whether you account for your income on a cash basis or accruals basis. Don't c...
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TAX TIME MYTHS VS FACTS
TAX TIME MYTHS VS FACTS Here are some of the most common MYTHS relating to tax deductions - Myth: I can claim home to work travel because I need to get to w...
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ATO expects many laundry claims will be disallowed this tax time
ATO expects many laundry claims will be disallowed this tax time ATO has flagged that it will be checking returns for taxpayers who take advantage of the exemp...
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Tax deductibility of ‘non-compliant’ payments
From 1 July 2019, businesses will only be able to claim deductions for payments that are made to workers (employees or contractors) when the employer has complied...
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Single Touch Payroll (STP) is coming
Attention - Business Owners hiring employees Small employers (those with 19 or less employees) need to start Single Touch Payroll (STP) reporting before 30 Sep...
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Benefits of using a Tax Agent
Takes the stress out of completing your tax return. Saves you time, as they lodge your return for you on your behalf. Completing the form yourself can take hours. Can help get you more ta...
