by Swot Accoountants | Sep 12, 2020 | Business News, Business Training, Companies & Trusts, Tax & Compliance
If you are starting a new business or your existing business is paying too much in tax, it is essential that the business owner/s seek expert accounting and legal advice concerning the business structure and asset protection. Running a business as a sole trader or in...
by Swot Accoountants | Aug 27, 2020 | Tax & Compliance
If you use your own car for work-related travel (excluding travel between home and work), you may be able to claim a deduction for your car expenses. The deductions can be claimed using “cents per kilometre” method or “logbook” method. You can claim deductions for...
by Swot Accoountants | Aug 7, 2020 | Business News, Coronavirus (COVID-19), Tax & Compliance
To be eligible for the JobKeeper Payments from 28 September 2020, businesses will be required to meet a decline in GST turnover for each period of the extension. From 28 September 2020, businesses seeking to claim the JobKeeper payments will be required to demonstrate...
by Swot Accoountants | Jul 23, 2020 | Business News, Coronavirus (COVID-19), Tax & Compliance
On 21 July 2020, the government announced changes to the JobKeeper program and extended it through to 28 March 2021. Employers To be eligible from 28 September to 3 January 2021, the employer must measure decline using actual GST turnover in both the June and...
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...
