Monthly Archive: June 2020

Home Office Expenses

As businesses managed the risks associated with COVID-19 many clients found themselves working from home for the first time. Below we outline the tax deductions available, the records you need to keep and how your tax claim is calculated. Office equipment, stationery and consumables You are entitled to claim the work-related usage of computers, printers,...
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Pre June 2020 Tax Planning

With the end of the 2020 Financial Year approaching fast, the following link provides a list of items to consider pre 30 June 2020 for tax planning purposes. Please call our office if you would like to discuss any of these items further. Pre June 2020 Tax Planning Information Sheet
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JobKeeper Monthly Reporting & Eligibility – Important Reminders

Important reminders for our clients in relation to JobKeeper Monthly Reporting & Eligibility: For those clients who are already enrolled, to receive your JobKeeper payment for May you must make a monthly declaration by 14 June. The same applies for following months, so the June declaration must be completed by 14 July. This is best...
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Instant Asset Write Off Extended

The Government has announced that it will extend the Instant Asset Write-Off concession for another 6 months until 31 December 2020. This means eligible businesses can still claim immediate deductions for part of the 2020-21 financial year. Depending on the aggregated turnover of the business and the date when the asset is first used or...
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JobKeeper update: New Enrolments

The ATO has extended the enrolment period for employers who are first enrolling in the JobKeeper scheme from June 2020 onwards. The deadline for enrolments for the month of June 2020 and later months will now be the end of the month in which the employer’s entitlement to the scheme arises. For example, if an...
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Homebuilder: What it is and how do you acccess it ?

The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000 to eligible owner-occupiers, including first home buyers, to build a new home or substantially renovate their existing home. The grants...
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Mandatory Contact Tracing for WA BusinessesA broad range of WA businesses will need to comply with mandatory contact tracing requirements as part of the latest COVID-19 control measures. The Western Australian Government has announced that from December 5, certain businesses...
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