Money
Claiming Crypto Losses
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are […]
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The Road to Recovery? Federal Budget 2020-2021 Update
The Federal Budget 2020-2021 is a road to recovery paved with cash. Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion ‘JobMaker’ Hiring Credit to […]
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Question of the month – Tax on COVID-19 Grants
My business received a grant from the State Government. Do I pay tax on it? Short answer; probably. Income tax – Grants are likely to be taxable unless they are […]
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Has COVID-19 devalued your business?
If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact […]
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JobKeeper Alert
With the employee test date for JobKeeper moved to 1 July 2020, some additional employees might have become eligible for JobKeeper. The August JobKeeper monthly business declaration is due by […]
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What now? Where to get help if you need it?
Help for business JobKeeper 2.0 The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not […]
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Your questions answered
During the lockdown, I have had to work from home. I’ve set up a full home office with paintings, plants, a desk, computer equipment, a water tower and a sculpture. […]
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COVID-19 and your SMSF
COVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000 […]
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How Annual Wage Reporting has changed for Businesses and Employees
Employees did you know you will NO LONGER get a PAYG Payment Summary? Let us explain. Since the inception of Single Touch Payroll, everything is now online in one system. […]
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ATO Home Office Claim Guidelines
The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g., additional […]
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The COVID 19 Stimulus & Support Measures
We’ve designed this guide as a quick reference to the COVID-19 related tax and financial support that might be available to you. The Government has flagged that more support is […]
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