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Latest tax changes 2025/26
The corporate tax rate for companies are base rated entities is 25% from the 2022 and future years. Work from home fixed rate: The fixed…
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Small business instant asset write-off extension
From 9 May 2023, the Instant Asset Write-Off threshold is $20,000 (GST inclusive) per asset acquired. This change applies to businesses with an aggregated annual…
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Work From Home Expenses
Taxpayers must satisfy three conditions to be eligible to use the fixed rate method: Method 1: Fixed Rate Method The ATO accepts the claim amount…
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Claiming Overtime Meal Allowance
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…
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Understanding Low-Value Pooling
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,…
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Company Loss carry back tax offset 2021 & 2022
Loss carry back provides a refundable tax offset that eligible corporate entities can claim: after the end of their 2020–21 and 2021–22…
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The 2022 Small Business Support Program (Apply through Services NSW by 31 March 2022)
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…
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Small Business Instant Write-Offs
Instant write-offs: As part of the Federal Government’s Coronavirus Stimulus Package, the Instant Asset Write-Off threshold increased is $150,000 (net of GST) per asset acquired.…
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COVID-19 JobSaver payment – Application Closes 18 Oct 2021
For business turnovers between $75K and $50M To here to apply online: https://www.service.nsw.gov.au/transaction/jobsaver-payment On 26 June 2021, the Public Health (COVID-19 Temporary Movement and Gathering Restrictions)…
