Reporting JobKeeper payments JobKeeper payments are taxable and need to be included in tax returns. If you’re a sole trader who has received JobKeeper payments, you need to include the payments as business income at the label ‘Assessable government industry payments’ in your individual tax return. If your business is a partnership, trust or company, and your business […]
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Instant asset write-off can be used for both new and second-hand assets. Some exclusions and limits apply.
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Here is the details guideline and support for individuals during COVID-19 crisis. We PerthTaxAccountingCo will stand by your side with any kinds of help.
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Here we discuss the self managed super fund system during COVID-19 crisis. We Swan Partners are ready to help you.Please contact with us.
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From mid-April, eligible individuals will be able to apply online through myGov to access up to $10,000 of their superannuation before 1 July 2020.
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The Australian Taxation Office (ATO) is helping small businesses get it right this tax time. Assistant Commissioner Mathew Umina says that “Small businesses in Australia contribute more than $380 billion to the economy each year and are an essential driver of economic growth. That is why the ATO is committed to supporting small businesses and
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If you aren’t using the simplified depreciation rules and you spend $100 or less, including any GST, to acquire a tangible asset in the ordinary course of carrying on your business you can assume it to be of a revenue nature for income tax purposes. This rule doesn’t apply to expenditure on: 1. establishing a
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However, as the same report explains, “One way to get a sense of the effect of cybercrime is to compare it to the internet economy
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Deputy Commissioner Deborah Jenkins attended the Small Business Mental Health roundtable chaired by Senator Michaelia Cash, Minister for Small and Family Business, Skills and Vocational Education at Parliament House yesterday. Ms Jenkins said that the ATO is committed to working with government and community organisations to address the issue. “More and more small businesses are
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ATO targeting the profits of organised crime as a result swan partners will help you the best outcome indeed. For any help please contact.
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