ATO extends simplified working from home deductions

The ATO has extended its temporary arrangements to enable employees to use a simplified method of calculating deduction for working from home.   Maja Garaca Djurdjevic October 02, 2020 Employees working from home as a result of the COVID pandemic can continue to claim a rate of 80 cents per hour by keeping a record of the number…

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Your Business Survival Checklist for Covid 19, Coronavirus

We live in unprecedented times physically, socially and as businesses: financially and economically. We are phasing an unknown enemy: COVID-19 and how your business will adapt and emerge at the end of this turmoil is tied up to your response, leadership and planning in the time you have NOW. Below are some of the strategies…

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INHERITANCE, CENTRELINK AND WILLS

By the pure nature of it, receiving an inheritance tends to come at a time when we are grieving, and at this distressing time, we need to understand whether the inheritance itself impacts a Centrelink aged pension benefit. The key to this is the size of the inheritance, and is dependent on one’s existing wealth…

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Do you import goods worth A$1,000 or less?

Do you import goods worth A$1,000 or less?   From 1 July 2018 overseas businesses that meet the GST registration threshold of A$75,000 will need to charge GST on goods that are: less than A$1,000 (low value) imported into Australia not GST-free (such as most basic food, alcohol, tobacco, or tobacco products). How will this…

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