Melbourne AccountantMelbourne AccountantMelbourne Accountant
1300 NXT GEN (698 436)
9am to 9pm
VIC 3008

JobKeeper

Are you eligible for JobKeeper?

This information is for all those who have applied for JobKeeper. It is time for them to check whether you are eligible for this scheme any more. A business participant is eligible for this scheme if he is not employed in your business but is active in one of your business’s operation. He might be […]
Read more

ATO doesn’t consider the JobKeeper payments as a part of aggregated turnover

JobKeeper payments have been considered as assessable income. But there are certain concerns regarding the status of JobKeeper payments as whether they fall under ordinary income or statutory income. For those who don’t know about it, under this scheme, the business which has been affected the most due to the outbreak of Corona COVID-19 will […]
Read more

Accounting profession latest JobKeeper 2.0 Regulations

The Government of Australia declared six-month extension to its Job Keeper Program whose expiry was scheduled on 27 September. JobKeeper 2.0 will experience diverse payment rates, and likewise, the eligibility requirements too would be different till March 2021. Job keeper payments are also subjected to reduction from 28 September 2020 to 3 January 2021 with […]
Read more

Save yourselves from high costs by avoiding these tax return mistakes: Recommendation by the ATO.

Australian Taxation Office came up with some essential recommendations after noticing the blunders committed by many taxpayers and have paid the high cost for it. With the Covid-19 outbreak affecting the normal life and pocket adversely, the new financial year 2020-21 immediately experienced early tax return filing, application for superannuation, and many government programs. The […]
Read more

How To Claim Tax Offset Up To $2160? What Are The Income Parameters For It?

How Covid-19 has battered the economy, isn’t hidden from all of us. All are well-acquainted with this hard-hitting situation that has introduced us with a depressing recession time. Therefore, the Australian government is striving hard to help people with lots of initiatives, and Tax Offset is one of them. Owing to claim Tax Offset, which […]
Read more