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Returning to work

Developing your ‘Return to Work’ plan needs to include more than just hand sanitizerFollowing the Government’s 3 Step Framework released on 8 May 2020, many employers who have had their business closed or restricted during the COVID-19 period are working out a...

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When is Entertainment Tax Deductible?

When is Entertainment Tax Deductible?

As an employer, you might find yourself taking your team out for lunch from time to time, participating in team leisure activities, or purchasing a gift for an employee. Did you know that some entertainment is tax deductible? In this article, we look at what we mean...

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New Home Office Guidelines released by the ATO

New Home Office Guidelines released by the ATO

With more and more people working from home, the ATO has announced a temporary short cut method to make it easier for individual taxpayers to claim deductions for additional ‘at-home’ running expenses (please refer to the ATO’s Media Release of 7 April 2020). During...

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SMSFs and rent relief due to COVID-19

SMSFs that own property are facing the prospect of tenants falling behind in their rent payments and their other obligations under the lease due to the economic stress arising from COVID-19. These times are somewhat unfamiliar to most trustees of Funds and have not...

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Should you withdraw from your SMSF during COVID-19?

The Federal Government recently announced it would allow those affected by COVID-19 to access some of their superannuation balances early. How much super can you access? Per the government’s stimulus package announcement - the full details of which can be found here -...

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COVID-19 New Release measures 30/03/2020

Jobkeeper Payments Under the JobKeeper Payment, businesses impacted by the coronavirus will be able to access a subsidy from the Government to continue paying their employees. The subsidy will be paid through the tax system by applying to the ATO. Affected employers...

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Compare your business against the ATO benchmark rules  For as long as you’ve been submitting tax returns, you’ve no doubt been aware that the ATO have processes in place for making sure the income and expenses you’re reporting are true and correct. But wouldn’t you...

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