Superannuation tax offsets you may be able to use

Tax offsets (sometimes referred to as rebates) directly reduce the amount of tax payable on your taxable income. In general, offsets can reduce your tax payable to zero, but on their own they can't get you a refund. There are two superannuation-related…
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The new “consumer” rules for GST and online purchases

Australians have been taking full advantage of the offerings on the digital marketplace with gusto for years now, but it has only been relatively recently that the rules for goods and services tax (GST) have caught up. With the purchase…
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Alternatives to a tax invoice for certain GST credit claims

Tax invoices are an essential element of Australia’s taxation system, and serve both to collect taxation revenue related to the goods and services on which GST is levied as well as record the credits that are claimable by eligible businesses. A business…

Selling taxable Australian property? You may need a clearance certificate from the ATO

If an Australian resident is considering selling property, they should apply for an ATO clearance certificate. If a property vendor does not apply for a clearance certificate and present it to the purchaser, the purchaser is required to withhold…

Here’s what attracts the ATO’s attention about luxury car tax

The ATO has announced that it has identified some common errors regarding luxury car tax (LCT) claims, but also says there are issues it has identified with LCT that are more associated with actively trying to pay less tax than required. Common errors Some…
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Six ways to work remotely and stay productive

As our organisations come to terms with the COVID-19 situation, there are an increasing number of us who will be working remotely at least some of the time over the next weeks or months.  Many in the accounting profession will have worked…

Working from home

Conditions of working from home In general, the deductions you can claim depend on whether: you have a work area – a room such as a study or spare room is set aside primarily or exclusively for work activities but your home isn't your…
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COVID-19 Finance Update Webinars

Are you worried about the implications COVID-19 could have on your personal or business loans? Are you looking to refinance to get over this difficult time? In case you missed our webinars on these topics, we have provided you with the recordings. …

SMEs to receive rent waivers, deferrals

Small and medium businesses will now be granted rental waivers and deferrals under a mandatory Code of Conduct unveiled by Prime Minister Scott Morrison. Under the Code of Conduct, landlords will be required to reduce rent proportionate to…

UPDATE ON AWARDS AND LEAVE ENTITLEMENTS

The Fair Work Commission announced on 1st April 2020 that it intends to update 103 awards to address the current challenges.  This will include two measures - Unpaid Pandemic Leave and Annual leave at half pay.  These proposed measures…