It’s the time of year again when we locate all our receipts to work out what we can and cannot claim. I will go through three of the main areas relating to work related deductions…..
TPAR – What is it and does it apply to you?
If you operate in the building industry then you should have heard of the above acronym. You should also have received a reminder from the ATO that your TPAR is due to be lodged by 28 August 2020.
Know Your Rental Property Deductions
As a property gets older, the building’s structure and the assets within it wear out – they depreciate. The Australian Taxation Office (ATO) allows owners of residential rental properties…..
Taxable Payments Annual Report
Are you in the Building & Construction, Cleaning, Security, Courier or IT industry? If you are, and you have paid contractors throughout….
Finalising your end of Financial Year payroll
We have almost reached the end of the 2020 Financial Year which means very soon, you will be required to have finalised your year-end payroll….
Regional Home Building Boost Grant
To support homeowners and the construction industry, the Federal Government recently announced the homebuilder grant of $25,000 to build a new home….
HomeBuilder Grant
This morning it was announced that the Australian Government would give grants of $25,000 to owner-occupiers for new builds or certain works…..
JobMaker Program
On the 26th May 2020 Scott Morrison unveiled plans for the new “Job Maker” program, as part of his plans to reignite the Australian economy.
JobKeeper Payment Scheme
The JobKeeper Payment was introduced by the Australian Government as part of its economic response to the Coronavirus. The underlying idea being to maintain a positive employer-employee relationship …..
Have you purchased a business asset over $150,000?
If you’ve purchased a business depreciating asset after 12 March 2020 which costs more than $150,000, then these new accelerated depreciation measures impact you.
