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01 Jul, 20

How Bookkeeping can be done for a Non-Profit Organisation?

The bookkeeping for the non-profit sectors constitutes the principles and customary accounting tasks that all business employees apply to record, analyze, and track the financial transactions. And for this, some vital aspects of bookkeeping are required that may be affected by the non-profit organization. The main allegiance of the non-profit organization is its board members […]

How to handle your tax returns efficiently this year?

With the advent of the global pandemic, COVID-19’s impact, each country’s economy is going through loads of ups and downs. Each person is facing drawbacks of recession differently. Hence, this tax season, because of COVID-19, Australians are advised not to accept the increased Flat Rates. Already, the Australian Tax Office (ATO) has simplified the claim […]

29 Jun, 20

Changes To Tax Refunds And Deductions By Australian Tax Office Because Of COVID-19

Before the end of the financial year on June 30, the ATO has decided to introduce several changes in the tax return rules. The changes have done intending to bring easiness in the filing of a tax return, especially for Australians who are confronting major issues just because of Coronavirus, said ATO Assistant Commissioner Karen […]

29 Jun, 20

Get ready! It’s the tax time.

Probably this year went through loads of difficult shifts; some unusual and unseen incidents have affected the economy worldwide. All of us did work from home, while most of us relied on the government’s assistance. But, as the end of the financial year is nearer, the lines of worriment may be visible on your forehead. […]

29 Jun, 20

Top 5 Mistakes That People Make On Tax Returns- You Should Avoid

The end of the financial year is on the way! Hence loads of questions might be thriving inside you. Especially, after COVID-19 restrictions, what changes have been made in tax, is undoubtedly a critical point to note. Already, the Australian Tax Office has brought loads of changes to make things easier. But that doesn’t mean […]

29 Jun, 20

Easing down the Taxation for SMEs and Sole Traders for EOFY 2020

There was a hard-hitting time for people across the world due to the Covid-19 destruction, which has impacted the business owners more significantly. Similarly, amid this, the majority of the taxpayers are a bit stressed for their tax. As we all know, the financial year’s end is on the way, so now it’s time to […]

17 Jun, 20

Individual Tax Returns: Tax Tips FY20

If you also work in Melbourne, Australia, then each year, lodging a tax return in Melbourne is also requisite for you. According to ATO (Australian Tax Office), your tax return reveals the income you have generated from your business throughout the financial year. However, this is mainly done to figure out the correct tax amount […]

17 Jun, 20

Home office expenses

Source: https://www.ato.gov.au/ If you’re an employee who works from home, you may be able to claim a deduction for expenses you incur relating to that work. These can be additional running expenses such as electricity, the decline in value of equipment or furniture and phone and internet expenses. If your home is your principal place […]

17 Jun, 20

Accessing your income statement or payment summary

Source: https://www.ato.gov.au/ How you get your end of financial year information from your employer showing your earnings for the year (also known as an income statement or payment summary) depends on how your employer reports your income, tax and super information to us. You will be provided with either: an income statement – if your […]

17 Jun, 20

Claiming mobile phone, internet and home phone expenses

Source: https://www.ato.gov.au/ If you use your own phone or internet for work purposes, you may be able to claim a deduction if all of the following conditions apply: you spent the money yourself the expense is directly related to earning your income you must have a record to prove it. You can’t claim a deduction […]

How Bookkeeping can be done for a Non-Profit Organisation?

How to handle your tax returns efficiently this year?

Changes To Tax Refunds And Deductions By Australian Tax Office Because Of COVID-19

Get ready! It’s the tax time.

Top 5 Mistakes That People Make On Tax Returns- You Should Avoid

Easing down the Taxation for SMEs and Sole Traders for EOFY 2020

Individual Tax Returns: Tax Tips FY20

Home office expenses

Accessing your income statement or payment summary

Claiming mobile phone, internet and home phone expenses

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