Tax time

Is EOFY the best time to shuffle superannuation?

The end of the twelve-month is usually a mad dash for finance professionals. For many, the month of June is that the finish of the year professionally, and in addition to that, they will come back with pressure to finish tasks, meet targets, and the end comes. There’s conjointly the realization of the requirement to […]

03 Aug, 20

Managing tax time in 2020 Critical tips for CPAs

Tax agents have begun scheduling their meetings with the client and discussing income generated from stimulus measures. During Covid-19, the economic stimulus support given to the businesses has proved to be a great support to numerous companies. Many clients have rearranged their business affairs to avail of the benefits of Covid-19 stimulus measures. We bring […]

17 Jul, 20

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Accounting, Business, JobKeeper, Payroll, Taxation
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Tax Time! Be Ready To Claim Income Offset

Tax offset, by the federal government in the previous year, created lots of confusion for Aussies, and this year too, in the wake of coronavirus, lots of questions are bursting out in people’s minds. Coronavirus crisis has shaken up the Australian economy; hence millions of workers are becoming victims of this hard time. That’s why […]

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

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

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 […]

Is EOFY the best time to shuffle superannuation?

Managing tax time in 2020 Critical tips for CPAs

Tax Time! Be Ready To Claim Income Offset

How to handle your tax returns efficiently this year?

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

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

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

Home office expenses

Accessing your income statement or payment summary

Claiming mobile phone, internet and home phone expenses

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