General Archives - Page 7 of 17

Business in a Post Pandemic Environment

July 13, 2021

Australian Government, COVID, COVID19, National Plan, Pandemic, Post-Covid

Countries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment. Australia, like New Zealand, has managed COVID-19 on an elimination basis. That is, lockdowns and border closures to keep the virus out. And, it has worked comparatively well with New Zealand suffering 26…

Lock-Downs: What Help is Available

July 13, 2021

Emma Zajac

COVID, COVID19, Disaster Payment, Government, Help, Lockdown Assistance, NSW, Pandemic, Support Payment

The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and how you can get it. FOR YOU COVID-19 Disaster Payment The COVID-19 disaster payment is available to eligible workers who can’t attend work or who have lost income because of a lockdown and don’t have…

Scott Morrison Disaster Relief Payments COVID Lockdown

What Lock Down Support is Available?

June 28, 2021

Emma Zajac

COVID, COVID-19, COVID19, Disaster Payment, Disaster Relief, Lockdown Payment

With Sydney in lockdown, some of the media have suggested that a $500 payment is available to “everyone”. But as we know, the devil is always in the detail. We’ve briefly outlined the disaster payments available to individuals during lockdown below. What lockdown support is available? If you can’t work because you or…

ATO Eyes Side Hustles This Tax Time

June 16, 2021

Emma Zajac

ATO, Cash, Cash Economy, Side Hustle, Tax Declarations, Tax Time, Tax Time 2021

The ATO is cracking down on the cash and gig economies, and taxpayers must ensure that they are declaring all of their odd jobs and freelance work on their tax return, says one industry body. While gig economy workers often earn their income as independent contractors, the term broadly includes people who earn income from…

Ato Secures Data Matching Program till 2023

Crypto Crackdown Underway with ATO Data-Matching Program

June 15, 2021

Emma Zajac

ATO, Crypto Compliance, Cryptocurrency, Data Matching

Over 600,000 Australians who have invested in cryptocurrency will now be unable to hide from their tax obligations as the ATO extends its data-matching program to 2023. The ATO’s cryptocurrency data-matching program, first launched in April 2019, will now scrutinise cryptocurrency transactions and account information from designated service providers for a further three financial years to…

Leaking roof Insurance payout tax time 2021

Tax Time 2021: Am I Taxed on an Insurance Payout?

June 8, 2021

Emma Zajac

2021 Tax, Insurance Claims, Insurance Payout, rental property, Tax Time

Australia has had its fair share of disasters over the last few years – Drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and is not income assessed for…

Tax Time 2021 Changes Working from Home Expenses

Tax Time 2021: Work From Home Expenses Under Scrutiny

June 8, 2021

Emma Zajac

2021, Claim, Expenses, individual tax return, Tax Return, Tax Time, Tax Time 2021, Working from home

Work from home expenses under scrutiny & the perils of browsing Facebook. If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these expenses as a deduction – but not everything you purchase can be claimed.…

Tax Time: What Changes On 1 July 2021?

June 8, 2021

Emma Zajac

2021, Changes to Tax, Home Expenses, Superannuation, Tax, Tax Time, Tax Time 2021, Working from home

With Tax-Time just around the corner, we take a look at the changes that will come into effect come 1st of July and how they may affect you. Super Guarantee Rate Increase To 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since…

Morrison Announces COVID Disaster Payment

June 7, 2021

Emma Zajac

COVID-19, COVID19, NSW Government, Scott Morrison, Temporary Payment, Temporary Support

The temporary payment will be made on a week-by-week basis to those suffering lost income in Commonwealth-declared hotspots. Prime Minister Scott Morrison on Thursday announced a new temporary COVID disaster payment which will provide financial support for areas defined as COVID-19 national hotspots and are undergoing lockdown for more than seven days. Workers who are…

ATO Sheds Light On Crypto Compliance Focus

May 25, 2021

Emma Zajac

ATO, Crypto Compliance, Cryptocurrency, tax agent, tax office, Tax Time

The Tax Office has urged advisers and taxpayers alike to heed its guidance on accounting for cryptocurrency come tax time, when it will be looking to ensure that all capital gains events are accurately reported — not just gains. Speaking at a tax-time tips seminar on Thursday, ATO assistant commissioner Adam O’Grady warned tax agents…

Business in a Post Pandemic Environment

Lock-Downs: What Help is Available

What Lock Down Support is Available?

ATO Eyes Side Hustles This Tax Time

Crypto Crackdown Underway with ATO Data-Matching Program

Tax Time 2021: Am I Taxed on an Insurance Payout?

Tax Time 2021: Work From Home Expenses Under Scrutiny

Tax Time: What Changes On 1 July 2021?

Morrison Announces COVID Disaster Payment

ATO Sheds Light On Crypto Compliance Focus

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