by Swot Accoountants | Jun 24, 2020 | Tax & Compliance
You may be able to claim tax deductions for work-related expenses incurred during performing your work as an employee. These expenses may include: Car expenses Home office expenses (including internet & electricity) Mobile phone & computer expenses Uniform...
by Swot Accoountants | Jun 13, 2020 | Business News, Tax & Compliance
On the 9 June 2020, the government announced an extension of the instant asset write-off threshold of $150,000 to 31 December 2020. The extension will cost the government about $300 million and will be available to about 3.5 million eligible businesses. The extension...
by Swot Accoountants | Jun 11, 2020 | Coronavirus (COVID-19), Tax & Compliance
Businesses and employers JobKeeper payments received by the business are assessable (taxable) income Stimulus “Cash Boost” payments received between $20K and $100K are not assessable income (tax-free) Individuals and employees JobSeeker payments received from...
