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 27, 2020 | News
On Friday afternoon, (24/04) the Government announced further changes to the JobKeeper program, and clarified some rules. We have highlighted them below: GST turnover: Cash vs accruals – Everyone can choose! After the rules initially suggested that everyone was...
by James Carey | Apr 20, 2020 | Business Services & Advice
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 | News
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:...
by James Carey | Apr 16, 2020 | News
On Tuesday 16 April Treasury finally released the long awaiting rules for the $130bn JobKeeper program. The same day the ATO released some practical detail on how the administration of the program will work. We have included some details that had previously been...
