COVID-19 employment benefits
Some queries have related to fringe benefits tax (FBT) and the supply of items from an employer to staff to […]
Reduce your tax
“In the business world, the rear view mirror is always clearer than the windshield” – Warren Buffett
It’s the […]
Want to claim a deduction for super contributions?
Super payments are only considered to be paid for the purpose of claiming a tax deduction once they have been received by the super fund, not the date the Small Business Superannuation Clearing House (SBSCH) accepts them?
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The government has announced that business with less than $500m in turnover will receive accelerated depreciation deductions for new assets up to 30 June 2021.
The ATO issues specific guidance addressing common questions
The accounting profession has also reported other clients coming to them with concerns about any consequent capital gains issues when later selling a property from which they had […]
Reduce your 2020 tax
For 2020, key priorities are likely to include:
Maximise Federal and State Government Stimulus Payments Deferring […]
Shortcut method for claiming home office running costs
The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g., additional heating, cooling and lighting costs), as […]
What every employer needs to know about fringe benefits
To help you meet your fringe benefits obligations, […]
Coronavirus Economic Stimulus Package
The targeted stimulus package is focused on keeping Australians in jobs and […]
Superannuation guarantee amnesty bill passed by Parliament
This law change provides a number of incentives for employers to pay any unpaid historical superannuation guarantee (SG) amounts relating to the period 1 July 1992 to 31 March […]