This new response to the Coronavirus was announced on 30 March in an attempt to save jobs of people who might have otherwise been stood down or even lost their jobs already. It also goes further, to cover those self-employed who don’t employ, as well as employers with employees who have been stood down without […]
The Importance of good record keeping in trying times
Wow, a lot can change in a week or so. Business has just got tougher for most people and some industries even need to close as measures to combat the spread of the Coronavirus. In times like these, business owners go in to survival mode and tend to ignore the things they can control as […]
SMSF Saving for your retirement
SMSF Saving for your Retirement SMSF – Saving for your retirement can be a cause of concern for many people, particularly if you’re over 45, self-employed and thinking that your superannuation balance may not be enough to support you in the lifestyle you’re accustomed to living. That being said, a a promising solution would be […]
20,000 Asset Write Off
$20,000 Asset Write Off Things You Need to Know about the Immediate $20,000 Asset Write-Off If you’re a small to medium business in the eyes of the ATO, there are various concessions available to you. One of the most, if not most beneficial concession, is the increase the threshold in the write off of assets, $20,000 […]
Your Guide About Negative Gearing
Your Guide About Negative Gearing There has been so much news about negative gearing lately, yet you may not be aware of all that it implies. You may feel the need to change the channel of your TV every time the news associated with it comes up. Do not fret. We have Your Guide About […]
Claiming phone expenses
CLAIMING PHONE EXPENSES (MOBILE PHONE, INTERNET AND HOME) If you have been claiming phone expenses (mobile phone, home phone and internet expenses) as work-related deductions, the ATO now require additional evidence to substantiate these claims. If you want to claim more than $50 as a deduction, you need to keep a record for a consecutive period […]
