Do you want to buy your first home and save on tax at the same time? If yes, then you need to keep reading about the First Home Super Saver Scheme (FHSSS) and how this can work to your advantage. In the 2017-2018 Federal Budget, the First Home Super Saver Scheme (FHSSS) was introduced. If
It’s that time of year again – some Self-Managed Superannuation Funds are lodging their income tax returns for the 2020 financial year, and in some instances, this triggers an email and/or text message alert from the ATO. Since February 2020, the ATO has started contacting SMSF trustees directly where certain changes are made to the
COVID-19, Government Stimulus and JobKeeper Payments The Australia Taxation Office opened the registration for Businesses to enrol for JobKeeper payments yesterday. To be eligible for this first payment registrations must be lodged with the ATO by the 26th April 2020. Whilst you may have already registered interest, you still need to enrol.
With Covid19 so many of us are working from home. Did you know that you can claim a tax deduction? That’s right. Employees who work from home can claim the work-related proportion of their running expenses. These expenses are the cost of using equipment and utilities at your home for work. If you are an employee please,
Single Touch Payroll – The Australian Taxation Office has extended the STP obligations to all employers. Parliament has approved legislation to extend Single Touch Payroll (STP) reporting to include all small employers (fewer than 20 employees) from 1 July 2019. Don’t know what STP is?