by James Carey | Jun 25, 2020 | Business Services & Advice
We all would like to reduce our tax exposure and minimise risk of an audit by the regulators. This end of financial year update outlines the actions to take to do exactly that: Summary of key changes and actions What’s New: Company tax rate reduction –...
by James Carey | Jun 25, 2020 | Business Services & Advice
Our 2020 EOFY update and actions for individuals will give you an overview of tax changes and some actions you can take to reduce your tax exposure and minimise risk of an audit. What’s New: 2020-21 Federal Budget delayed until October Working from home? What...
by James Carey | May 27, 2020 | News
Date New assets acquired from 12 March 2020 and first used or installed ready for use for a taxable purpose by 30 June 2021 Applies to Businesses with aggregated turnover less than $500m Eligibility Businesses with a turnover of less than $500 million can...
by James Carey | Apr 20, 2020 | Business Services & Advice, COVID-19
Record your BAS as a purchase bill Note: in this example, client pays quarterly GST and monthly PAYG and therefore will be eligible to receive a credit equal to 300% of his March PAYGW, ie. 3 x $3,000 = $9,000 The ATO will offset these $9,000 against the March quarter...
by James Carey | Apr 20, 2020 | COVID-19
JobKeeper applications are now open as at 20 April 2020. You can register via the Business portal. More information here: https://www.ato.gov.au/General/JobKeeper-Payment/Employers/Enrol-for-the-JobKeeper-payment/ We have briefly included the steps to enrol below:...
