by Sophie | Jun 27, 2023 | Business
NEW WORK FROM HOME DEDUCTION RULES From 1 July 2022, there are only two ways to claim deductions for ‘working from home’ expenses: the ‘fixed rate method’ or the ‘actual cost method’. Three essential criteria: the work must involve carrying on...
by Sophie | Feb 24, 2023 | News
Claiming Overtime Meal Allowance You don’t sometimes have the luxury of rushing home for a quick dinner when your job requires overtime, and it will only need you to pay cash out of your pocket to eat at a restaurant when you ordinarily wouldn’t. Many...
by Sophie | Nov 29, 2022 | News
Understanding Low-Value Pooling Depending on the asset’s value at acquisition, some assets may qualify for either an instant write-off or the low-value pool. For example, property owners should be aware of various strategies that can boost their deductions...
by Sophie | Mar 4, 2022 | News
Loss carry back provides a refundable tax offset that eligible corporate entities can claim: after the end of their 2020–21 and 2021–22 income years in their 2020–21 and 2021–22 company tax returns. Eligible entities get the offset by choosing to...
by Sophie | Mar 4, 2022 | News
Eligible businesses (turnover over $75K) can receive one payment covering the 4-week period of February 2022. Businesses will not receive payment for January 2022. If you’re an employing business, the payment will be equivalent to 20% of weekly payroll for work...
Recent Comments