‘Advice’ Category:
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Instant Asset Write-off For Businesses
The instant asset write-off (IAWO) for depreciating assets has been expanded. Since then, the IAWO has been extended by 6 months to 31st December 2020. The cost caps for small and medium businesses (total annual turnover under $50m) are: Date…
COVID-19 Early Release of Super
You can access up to $10,000 of your super in the 2020-21 financial year if adversely affected by the COVID-19 pandemic. This includes if you are a member of an SMSF. The amount you receive is tax-free (it is non-assessable…
Scammers Abound
It was recently Scams Awareness Week, and the ATO published a reminder about keeping personal and financial information safe. Scammers will often try to “phish” for information by impersonating government agencies like the ATO. They can use the information to…
