Many business owners have reduced their 2022 PAYG instalments to Nil during the COVID-19 period, but now you […]
As part of the plan for a strong economy and a stronger future, the Technology Investment Boost will increase digital uptake while the Skills and Training Boost will help small business attract, retain and upskill staff.
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You may have to pay Fringe benefits tax (FBT) if you:
provide your employees or their family members with COVID-19 tests such as a rapid antigen test, […]
When you can claim COVID-19 testing
From 1 July 2021, to claim a deduction for the cost you incur to pay for a COVID-19 test, […]
The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be provided in the form of an increase to the existing LMITO. This will increase the maximum LMITO benefit to $1,500 […]
While there have been disruptions, there have also been additional allowances and tax changes designed to assist businesses.
Stay on top of your obligations with this helpful […]
Based on our analysis, the big winners appear to be:
Business – the instant tax deduction for buying equipment, cars, […]
For 2021, key priorities are likely to include:
Deferring taxable income Bringing forward deductible expenses Maximising superannuation contributions without exceeding the […]
Could the quality of your bookkeeping be putting you and your business at risk because you don’t know what you’re […]
Business tax changes for a new financial year
From 1 July 2019, if taxpayers don’t meet their PAYG withholding and reporting obligations to the ATO, they will not be able to claim a tax deduction for payments:
of salary, wages, commissions, bonuses or allowances to […]