Every year you are responsible for lodging a tax return. In order to be prepared, make sure that you have all of your tax records in place. Not having the right tax records when it comes to lodge your return could cost you money.
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 read more
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.....
Contractor Vs Employee
Most of us understand the simple distinction between contractors and employees: An employee works in someone else's business - the business controls how, where and when they do their work, pays them a wage and superannuation, leave and other entitlements. A Contractor runs their business, pays the.....
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.....