Working from home or using your car to deliver products to homes? You may be entitled to tax deductions that you haven’t been previously. Now is the time to start keeping your records! Home Office Expenses If you’re working from homey may be able to claim for running expenses (detailed below) and/or use of yourContinue reading “Working from home?”
Tag Archives: Coronavirus
Second Federal Government Support Package
On Sunday 22nd March the Federal Government announced a second round of support to individuals and businesses as a result of the Covid-19 Pandemic. The following is a summary of the measures as they relate to individuals, sole traders and partnerships: Individuals who receive support payments (Jobseeker Allowance, Youth Allowance, Parenting Payment, Farm Household Allowance)Continue reading “Second Federal Government Support Package”
COVID-19 ATO Support
The ATO website now has a dedicated page detailing their assistance available for small businesses affected by the Covid-19 Coronavirus pandemic. https://www.ato.gov.au/…/In-de…/Specific-disasters/COVID-19/
Covid-19 Government Stimulus Package
Details of the Federal Governments stimulus package to help get the Australian economy through the Covid-19 Coronavirus pandemic: The instant asset write off has been increased to $150,000. For capital items purchased from today 12th March 2020 until 30 June 2020 you will be able to claim an immediate deduction, no need to depreciate theContinue reading “Covid-19 Government Stimulus Package”
GQ Tax 