coronavirus

20 Jan, 21

Returning native Australians warned for hefty tax traps

Many of the Australian migrants are waiting to return home in this coronavirus pandemic, this has been urged to give a though that their respective tax affairs need to be considered to avoid hefty tax bill on return. According to the Accounts NextGen, it is believed that Australians have to be given consideration towards a range […]

17 Jun, 20

Tax tips: How the coronavirus can help you get a larger refund

Source: https://thenewdaily.com.au/ The coronavirus pandemic has shifted the way we conduct our personal finances, and with June creeping up, tax time is no exception. Strict social distancing measures have forced millions of Australians to work from home for the first time, throwing up a raft of new deductions. Mozo.com.au consumer advocate Tom Godfrey told The New […]

12 Jun, 20

Lessons for the profession from the coronavirus

Source: https://www.accountingtoday.com/ While the coronavirus pandemic has accountants scrambling to safeguard their people and keep up with new client concerns and legislative updates, the crisis has also given the profession the opportunity to learn some crucial lessons that can only strengthen accountants’ roles in an uncertain future. We asked a collection of accounting’s thought leaders […]

23 Mar, 20

Government announces a $66 billion second coronavirus stimulus: What’s available to small businesses, and how do I claim it?

Source: https://www.smartcompany.com.au/ Just 10 days after announcing its coronavirus stimulus package, the Morrison government has released a second, beefed-up and more robust version. The new $66.1 billion economic plan bolsters the measures of the first $17.6 billion pledge and is intended to help small businesses stay afloat, and keep people employed until the coronavirus-related economic downturn has […]

ATO Tax incentives in response to COVID-19

Article 1 Instant asset write-off increased For new or second-hand assets first used or installed ready for use from 12 March until 30 June 2020, the instant asset write-off threshold will be increased from $30,000 to $150,000 for businesses with aggregated annual turnover of less than $500 million (up from the current $50 million threshold). […]

Returning native Australians warned for hefty tax traps

Tax tips: How the coronavirus can help you get a larger refund

Lessons for the profession from the coronavirus

Government announces a $66 billion second coronavirus stimulus: What’s available to small businesses, and how do I claim it?

ATO Tax incentives in response to COVID-19

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