Awesome Tax Deduction disappears in just 3 months.
We forget that one of the great Covid initiatives was ability to write off 100% of all depreciable capital equipment acquired during the financial year. All in one hit.
Furthermore, if that … Read more
Late Super Payments
This is not a new topic but unfortunately many business owners do not seem to be aware of the serious implications regarding late payments of super.
The rules are tough… and the penalties are way out of proportion.
We had a call from a … Read more
Maximising Employee (and Director) Working from Home Expenses Claims
The ATO simplifies the rules (a bit).
For the past few months, our cities and office towers have been almost empty. People are working from home.
Even as we contemplate a future return to work, there is a realisation that work habits, social … Read more
Tax Deductible Meals for hard working business owners
We thought that you might like to know…
Yes, it is possible to have any meal that you provide for you (and any of your employees) to be:
Fully tax deductible,
GST claimable, and best of all
FBT does not apply.
There are a … Read more
