COVID-19 support available: Taxation
From mid-April, eligible individuals will be able to apply online through myGov to access up to $10,000 of their superannuation before 1 July 2020.
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Tax time tips for small business
The Australian Taxation Office (ATO) is helping small businesses get it right this tax time. Assistant Commissioner Mathew Umina says that “Small businesses in Australia contribute more than $380 billion to the economy each year and are an essential driver of economic growth. That is why the ATO is committed to supporting small businesses and
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How the threshold rule works?
If you aren’t using the simplified depreciation rules and you spend $100 or less, including any GST, to acquire a tangible asset in the ordinary course of carrying on your business you can assume it to be of a revenue nature for income tax purposes. This rule doesn’t apply to expenditure on: 1. establishing a
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Stay smart online to avoid cybercrime
However, as the same report explains, “One way to get a sense of the effect of cybercrime is to compare it to the internet economy
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ATO committed to mental health support for small business
Deputy Commissioner Deborah Jenkins attended the Small Business Mental Health roundtable chaired by Senator Michaelia Cash, Minister for Small and Family Business, Skills and Vocational Education at Parliament House yesterday. Ms Jenkins said that the ATO is committed to working with government and community organisations to address the issue. “More and more small businesses are
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ATO targeting the profits of organised crime
ATO targeting the profits of organised crime as a result swan partners will help you the best outcome indeed. For any help please contact.
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