Enrolling for JobKeeper? What you need to do beforehand
Step 1: Determine eligibility Eligible employers Employers are eligible for the JobKeeper payment if all of the following apply: On 1 March 2020, you carried on a business in Australia or...
UPDATED: Proposed economic responses: how does it affect you?
1. Instant Asset Write Off threshold (from 12/03/2020 to 30/06/2020) The threshold will increase from $30,000 to $150,000 This will apply to businesses with aggregated annual turnover of less than...
Proposed economic responses: how does it affect you?
Proposed economic government responses: how does it affect you? We understand that these are tumultuous times for everyone, particularly businesses; we feel it too. We've noticed there's a lot of...
Technology v Expertise: who’s the winner?
Technology v Expertise: who's the winner? Technology and software developers have reinforced the message that by systemising certain functions they can be left to set and forget. This post is...
Get ready for Single Touch Payroll
Get ready for Single Touch Payroll! Single Touch Payroll (STP) reporting is available through payroll, accounting and business management software. Most software providers are offering STP-enabled products for Employers. What...
New JobKeeper Payment – Announced 30 March 2020
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...
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...
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...
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...
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...
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...
When is the right time for tax planning
When is the right time for tax planning When is the right time for tax planning? As tax agents we often get taxpayers contacting us between July and the normal...
