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Pandemic Leave Disaster Payments rules change

The rules for the Pandemic Leave Disaster Payment, the payment accessible to those who have lost work because they have had to self-isolate with COVID-19, or are caring for someone who contracted it, changed on 18 January 2022. 

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Pandemic Leave Disaster Payments rules change
( Posted in: Tax )

PCR and RAT tests to be tax deductible, FBT free

The Treasurer has announced that PCR and rapid antigen tests (RAT) will be tax deductible for individuals and exempt from fringe benefits tax (FBT) for employers if purchased for work purposes.

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PCR and RAT tests to be tax deductible, FBT free
( Posted in: Tax )

ATO assistance for those with overdue payments and lodgments

A reminder has been released from the Australian Taxation Office to advise that there is help available for those who are currently not up to date with their payment and lodgment obligations.

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ATO assistance for those with overdue payments and lodgments
( Posted in: Tax )

Understanding Your Profit & Loss and Balance Sheet Statements

As a business owner it’s crucial that you keep track of your finances. You don’t need to be an expert on all the reporting if you have a bookkeeper who assists you, but you do need to keep an eye on two key reports to know that you have control of your company’s financial health.

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Understanding Your Profit & Loss and Balance Sheet Statements
( Posted in: Tax )

Update on Temporary Full Expensing – Will It Affect Your Business?

Temporary full expensing (‘TFE’) provides support for businesses, and it encourages investments. Is your business eligible to claim an immediate tax deduction for the cost of an asset this financial year? Let’s look at the impacts of the Temporary Full Expensing rules for small to medium enterprises.

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Update on Temporary Full Expensing – Will It Affect Your Business?
( Posted in: Tax )

Checklist for Starting a Business

All businesses start with a skill, idea or opportunity. But you’ll need more than this to make your business successful. Planning, skills, people, time – and luck – are all important.

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Checklist for Starting a Business
( Posted in: Tax )

How Much Can I Claim on My Motor Vehicle?

If you're using your personal car for work purposes, you may eligible to claim the expenses associated to this. Find out about the rules and claiming methods available.

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How Much Can I Claim on My Motor Vehicle?
( Posted in: Tax )

2022: The year ahead

2021 was to be the year we returned to a post-COVID normal however the pandemic has fundamentally changed the way many of us operate in our personal and work lives. 

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2022: The year ahead
( Posted in: Tax )