Small Business Tax Infrigments That Attract The ATO’s Attention
As we head into tax time, getting your tax return wrong can make you subject to some unwelcome scrutiny from the ATO. This can be stressful and potentially expensive in terms of extra tax payable, interest and penalties.
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.....
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 w.....