It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails...
From Government Extension of the Instant Asset Write-Off Rules The Government has announced some changes will be made to the provisions allowing for the immediate expensing of depreciating assets that were introduced as part of the recent Federal Budget. First, the...
The “job Keeper” payment will be a flat $1500 payment each fortnight to keep Australians connected to their employers, and treats all Australians in work equally, Prime Minister Scott Morrison said. The aim of the package is to enable businesses...
The Australian Government has announced an economic response totalling $17.6 billion across the forward estimates to protect the economy by maintaining confidence, supporting investment and keeping people in jobs. Additional household income and business support will...
17 February 2020 When it comes to employees vs. contractors it’s vital to understand the difference. If you don’t, you run the risk of potentially not meeting your tax obligations. In some cases, working out whether a worker should be treated as a contractor or...
February 2020 Maintaining accurate records for motor vehicle car expense claims is vital to ensure you don’t get your claim rejected by the ATO. The ATO indicated last year that they were putting work-related car expenses under the spotlight. With this added level...
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