by kirstyb | May 31, 2022 | ATO, COVID-19, EOFY, Finance, Property Investment, Tax & Accounting, Tax Returns
ATO has it’s eyes focused on these claims. There are areas the ATO is cracking down on this financial year, and bringing about greater attention to them now makes it easier to know what’s ahead. From changing work-related expenses to the sharing economy...
by kirstyb | May 31, 2022 | ATO, COVID-19, EOFY, Finance, Property Investment, Tax & Accounting, Tax Returns
There will be a comeback for income tax offsets in 2022 For Income Tax Offsets Beware – inactive amounts owed by taxpayers will be deducted from credits, starting in June 2022. Debts on hold will again to be used to offset tax refunds or credits starting this...
by kirstyb | May 31, 2022 | ATO, COVID-19, EOFY, Finance, Property Investment, Tax & Accounting, Tax Returns
The ATO is being called down to hunt down business debt. As such, being truly Financially Sorted is so much more than just submitting your annual income tax return. It’s making sure that business debt is in control. The double whammy of a pandemic hangover and...
by kirstyb | Feb 28, 2022 | COVID-19, Tax Returns
If you are one of the lucky people who got their hands on a packet of Rapid Antigen Tests recently, keep the receipt because they may be tax deductible. The same goes for travel costs if you recently spent hours lining up at a drive-through PCR test clinic, and for...
by kirstyb | Feb 28, 2022 | Business, Business Support, COVID-19, Small Business, Tax Returns
Business Owners – be warned, handing out Rapid Antigen Tests to employees is a great way to help keep your workplace safe but doing so can also trigger tax ramifications that employers need to be aware of and how business owners can claim covid tests. The Omicron...
by kirstyb | Aug 16, 2021 | COVID-19
Small Business – COVID 19 – Hardship Fund | Assisting SME’s – August 2021 Providing COVID-19 Lockdown Update Small Business Hardship Fund information. On August 12, the state government announced a new $367 million Commonwealth and Victorian-funded support package...
