The JobKeeper Payment – Your Questions Answered

The JobKeeper Payment – Your Questions Answered

The JobKeeper Payment – Your Questions Answered

On 8 April 2020, the Federal Government passed a package of Bills to give effect to the JobKeeper Scheme.  The following is a broad summary of the key aspects of the payment based on the Treasurer's Legislative Instrument and updated informaion currently available on the .....

Claiming Home Office Running Costs during the Covid-19 Pandemic

Claiming Home Office Running Costs during the Covid-19 Pandemic

The ATO has announced a temporary short cut method to make it easier for individual taxpayers to claim deductions for running expenses incurred as a result of working from home due to the Coronavirus pandemic. The ATO will allow individuals to claim a deduction at a rate of 80 cents for each hour a.....

Boosting Cash Flow for Employers

Boosting Cash Flow for Employers

During the economic downturn associated with the coronavirus, the Government will provide tax-free cash flow boosts of between $20,000 and $100,000.  This will be done through two sets of cash flow boosts delivered from 28 April 2020 to support employers to retain employees. Eligibility You will .....

GETTING SET UP AS A SOLE TRADER

GETTING SET UP AS A SOLE TRADER

Are you thinking about becoming self employed?  There is some important information you need know about becoming a Sole Trader. You will need to get an Australian Business Number (ABN)  Having an ABN ensures no withheld payments when you issue an invoice.  Without quoting an A.....

Why you need to get Accounting Software

Why you need to get Accounting Software

Tax season will soon be on our doorstep and as a small business owner, you are probably dreading the throught of preparing your taxes.  Preparing a tax return isn't as simple as filling out a form.  A startling number of small business owners try to take care of their own taxes in order to save mo.....

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