News Articles

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 only need you to pay cash out of your pocket to eat at a restaurant when you ordinarily wouldn't. Many employers...

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, property owners should be aware of various strategies that can boost their deductions sooner when...

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 income years in their 2020–21 and 2021–22 company tax returns. Eligible entities get the offset by choosing to...

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 you’re an employing business, the payment will be equivalent to 20% of weekly payroll for work...