GST is not a cost. Goods and service tax, often known as GST, is a tax of 10% on most goods and services sold or consumed in Australia. At some point in time it's highly likely that your business will be affected by the tax. The law says that you don't need to register for GST until you turnove.....
If your buiness has been significatly impacted by the Coronavirus you will be able to access the JobKeeper subsidy to continue paying your employees. You will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020 for a maximum of six months. Businesses with.....
On the back of the World Health Organisation declaring the coronavirus a pandemic, the government has unveiled a stimulus package to help small and meduim businesses. The package will see the government inject $700 million to increase the instant asset write-off threshold, rising from $30,000 to $1.....
The ATO has reported that, in 2018, 6.7 million tax payers claimed a record $7.9 billion in deductions for ‘other work-related expenses’, which includes expenses related to working from home (i.e. home office expenses). Along with this increase in the number of claims for hom.....
There is a cap on the concessional superannuation contributions you make to your superannuation each financial year. If you contribute over these caps, you may have to pay extra tax. The cap amount and how much extra tax you have to pay may depend on your age, which financial year your contribut.....
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