Tax news and tips
All of the latest news about tax, accounting and bookkeeping, and some helpful tips to help you get ahead.
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Extension to JobKeeper Payment
August 12, 2020
7:01 pm
As of August 7 2021, the Australian Federal Government has officially extended its JobKeeper Payment scheme by a further six months to 28 March 2021. JobKeeper support will be aimed at helping businesses and not-for-profit organisations that are substantially impacted by COVID-19.
How to take advantage of the Instant Asset Write Off
June 25, 2020
2:43 pm
If you are thinking about purchasing assets (vehicles, equipment, machinery or anything else) for your business before end of financial year, you may be eligible to take advantage of the government’s Instant Asset Write-Off (IAWO), which has been increased to $150,000 per asset. This could result in significant tax savings just for purchasing assets before 31 December 2020.