tax tips

How Is The ATO Helping Us?

By |2020-03-25T22:00:39+10:00March 20th, 2020|Tax|

How Will the ATO Help Us During this Time? The ATO is offering up all the goodies to help small business owners: Reversed Interest and Penalties. Flexible Payments. PAYG I Refunds, and PAYG W Credits. Their #1 priority is keeping cash flowing both in and out of individuals and businesses's hands, as well as keep Australians employed and working. Monthly BAS Option for Quarterly BAS Lodgers This is helpful if you usually get refunds when lodging your BAS. The ATO will also allow quarterly [...]

Stimulus Support for Businesses

By |2020-03-21T00:15:36+10:00March 20th, 2020|Business, Tax|

Federal Government Support: Cash Flow & Employment It's all about cash flow assistance and support in keeping Australians employed and working. The Australian Government is supporting Australian businesses to manage cash flow challenges and retain employees during the Coronavirus health crisis. The federal package is front-loaded, meaning a burst of money comes at the start – $11 billion over the next three months. Here are the highlights:  $750 one-off cash payment to welfare recipients will be received by 6.5 million Australians including those on [...]

The $1080 Tax Cut Explained

By |2019-07-04T07:19:40+10:00July 4th, 2019|Tax|

What the $1,080 Tax Cut Means for You We want to be the FIRST to give you the low-down on this massive tax cut that will more than likely mean a bigger refund in your pocket!   Australians earning up to $126,000 will get “tax relief” packages of up to $1,080. If you’re earning up to $37,000 you’ll get up to $255.   And if you’re earning between $37,001 and $47,999 you’ll receive between $255 and $1,080.   If you’re earning between $48,000 and [...]

9 Sneaky Tax Deductions You Can Claim as a Business Owner, Student or Employee

By |2019-07-01T05:09:36+10:00June 29th, 2019|Business, Tax|

"What can I claim on my tax return?" - is one of the most common questions we get asked as tax accountants. So we thought we'd share a few commonly misunderstood or missed deductions that you may have forgotten about! 1. Home Office Allowance If you thought working in the comfort of your own home, wearing your pyjamas, and sipping that coffee that didn’t (Or did...) cost you $6 from your local coffee shop was living the life, then think again! Because it can [...]

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