August 2020 Newsletter
The JobKeeper scheme gets an update, plus an extension The JobKeeper payment, which was originally due to end after 27 September, will now continue to be available to eligible businesses (including the self-employed) until 28 March 2021. However there are some changes...
2020FY Tax Return Tips
Despite the current COVID-19 world in which we live, the procedures for completing and lodging tax returns remains pretty much the same. Before we talk with you to go over your tax return, certain information will be needed. Of course these days pre-filling takes care...
COVID-19 – Stimulus Package Updates
We will regularly update this post with relevant external documents and links for your interest. JobKeeper payment Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a subsidy from the Government to continue paying their...
[Link] No more lost receipts with myDeductions
Don’t let your receipts and tax records get away from you. Capture them all in the ATO app with myDeductions. The tools can be used by both individuals and sole traders. Click here to watch the video on the ATO website.
[Link] Small business: Know what you can claim this tax time
Justine Williams, from Small Business Experience, reminds small businesses about the golden rules for claiming deductions at tax time and the concessions available to support small businesses. Click here to watch the video on the ATO website.
[Link] E-invoicing basics
Say goodbye to paper, PDF, and email invoices forever with e-invoicing. Click here to watch the video on the ATO website.
[Video] VT3MTV Ep#1 (Chinese version)
[Video] VT3MTV Ep#1
The Small Business Guide to Single Touch Payroll
Single Touch Payroll (STP) is a Federal Government regulation that changes when and how businesses report payroll activity to the Australian Taxation Office (ATO). It requires businesses to report payments such as salaries and wages, pay-as-you-go (PAYG) withholding...
The ATO’s “living expenses” tool to help tackle the cash economy
It’s known by a variety of names, such as the black economy, or even the cash or hidden economy. But whatever the label, its existence is a pebble in the ATO’s shoe that it is forever looking to prise out. As part of that ongoing effort, it has settled upon certain...