2020 End of Financial Year Tax Tips

2020 End of Financial Year Tax Tips

How would you like to legally increase your Tax Saving by $500 or $1,000 or $10,000 or more? Effective tax planning is something all business owners should be considered year-round and by making it a priority could result in you paying less tax liability. Now is the...

PREPARING FOR YEAR END

Effective planning and preparation is critical for all taxpayers as the end of financial year approaches. The good news is that your tax professional is here to support you so you don’t have to do all of the heavy lifting yourself. This is the perfect time of the year...

ATO introduces new work from home deduction method

More employees are working from home than ever before as a result of  COVID-19. The ATO has introduced a new ‘shortcut method’ in response to this, to simplify the process for those who are claiming work from home deductions for the first time. The shortcut method...

What to know about lodgement date deferrals

The ATO has announced a series of lodgement deferral dates due to COVID-19, available to businesses for tax returns, fringe benefits tax returns, monthly and quarterly BAS, annual GST returns, PAYG summary annual reports and taxable payment annual reports. The...

Year End Strategies • 2019-2020

In this guide, get the latest updates on: • PREPARING FOR YEAR END • Major changes to instant asset write-off • 2020 end of financial year checklist • Rent relief for commercial tenants • Tax tips for property investors • Jobkeeper payments • And more To read about...

The proposed JobKeeper Payment

  Job-keeper package a lifeline for both employers and employees The Federal Government has announced as part of its Coronavirus Stimulus Package the introduction of a new JobKeeper Payment to assist eligible employers and selfemployed individuals who have been...