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tax planning Tag

5 things to know for your 2020 tax return

This year has been difficult for many due to COVID-19; and there are some significant changes this tax time as a result. So here is a list of 5 important things you need to know for your 2020 tax return to prepare and consider before...

Work from home tax deductions during COVID-19

Due to COVID-19, your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a tax deduction. Tracking these expenses can be challenging, so from 1 March to 30 June 2020, the ATO has introduced a temporary...

2020 EOFY Tax Tips & Reminders

This has probably been the most difficult year ever for business owners due to the impact of COVID-19. There are many obligations that you need to consider and action for your business tax return. We have outlined these action points below - 2020 EOFY Tax...

Instant Asset Write-off extended

The Government continues to back small businesses with the announcement on June 9 that it will extend the $150,000 instant asset write-off by six months until 31 December 2020. Under the measure, the asset must be both acquired and installed ready for use by 31...