‘Tax’ Category:
Categories: All, Accounting adjustments, Advice, GST Credit, GST credit claims, JobKeeper, Legacy, News, Super, Tax, Tax Rates, Technology,
Tax Losses and Your Business
This has been a difficult year, and your business may have made a tax loss. A tax loss is when the total deductions you can claim, excluding gifts, donations, and personal super contributions, are greater than your total income for…
The 2020-21 Federal Budget, Our Road to Recovery
The 2020-21 Federal Budget is a road to recovery paved with cash. Key initiatives include: Personal income tax cuts from 1st July 2020 A $4 billion ‘JobMaker’ Hiring Credit to encourage businesses to take on additional employees aged 16 to…
Claiming Home Office Deductions During COVID-19
A lot more people are working from home because of the COVID-19 pandemic. If you operate your business from a home office, you can deduct the expenses of running that office. A home office is a room in your home…
It’s Tax Time again!
Your business has to lodge its income tax return for the 2019-20 tax year by 31 October 2020 – unless you use a registered tax agent (your tax agent will be allowed to lodge your return at a later date,…
