2020 newsletter articles

2020 Maximise your business deductions
Pre-pay Interest/Insurance for the investment property.   Bring forward maintenance expenditures for the investment property, or business costs BEFORE 30t...
Fri, 12 Jun, 2020 at 4:28 PM
How Covid19 impacted work-related expenses
Working from home expenses:  ATO allows you to claim 80 per hour if you work from home and covers all deductible running expenses for the period from...
Sat, 13 Jun, 2020 at 3:00 PM
Instant asset write-off / tax deduction thresholds
In the simplified depreciation rules, assets costing less than the relevant instant asset write-off (IAWO) threshold are written off in the year they are f...
Thu, 20 Aug, 2020 at 1:18 AM
2020 maximise Individual's tax deduction
Pre-pay Interest/Insurance for the investment property.  Bring forward maintenance expenditures for the investment property.  Buy work related items <...
Fri, 12 Jun, 2020 at 6:03 PM
Deductions for sanitiser, face masks and COVID-related expenses
ATO allows deductions for sanitiser, face masks and COVID-related expenses The full article is attached below OR click on the link here - https://thenewdai...
Sat, 13 Jun, 2020 at 10:00 AM
Reduce claims for travel and laundry
ATO assistant commissioner Karen Foat has now urged taxpayers to reduce claims for work-related expenses in the last quarter of the 2019–20 year that would ...
Sat, 13 Jun, 2020 at 2:24 PM
Lessons from 2019/2020 Covid19: clients need to regularly contact their accountants
COVID-19 has impacted and continues to affect many small businesses and individuals. Now more than ever is the time to speak to us, your professional accoun...
Sun, 14 Jun, 2020 at 9:56 PM
TPAR lodgment due 28 August for businesses who pay contractors
We are reminding businesses that provide any of the following services and pay contractors or subcontractors to carry out these services, they may need to r...
Thu, 20 Aug, 2020 at 5:56 PM