How to avoid getting dodgy advice
Be wary of untrustworthy advice recommending inappropriate or illegal behaviour The ATO has warned taxpayers who may be thinking about pausing, changing or closing their business, due to the current Read More…
COVID-19 and loss utilisation
The ATO understands the way some businesses operate has been impacted as a result of COVID-19. Some of these impacts may have resulted in changes that affect whether they are Read More…
Deferrals of interest due to COVID-19
Many lenders have recently allowed borrowers with investment property loans to defer repayments for a period of time. While repayments are being deferred, interest (and fees) will usually be added Read More…
Simplified home office expense deduction claims due to COVID-19
Update to ATO home office expense deduction claims Given that many Australians continue to work from home due to COVID-19, the ATO has updated its Practical Compliance Guideline. The Practical Read More…
Employers need to apply recent tax cuts as soon as possible
The ATO has now updated the tax withholding schedules They reflect the 2020/21 income year personal tax cuts. Updated schedules are available at ato.gov.au/taxtables. The ATO has said that employers Read More…