Posts by nathan-creativeserumcom

At a time when many people want the tax refund that they are expecting to arrive quickly, the Australian Taxation Office (ATO) is warning people not to get tripped up by tax time myths that slow down returns. “Every year we see people tripped up by tax time myths. Unfortunately, this often results in slowing…

The Australian Taxation Office (ATO) has released a tax time toolkit designed to help small businesses and their tax advisers. The toolkit packages up a series of easy-to-understand fact sheets on topics that small businesses need to know this tax time, especially given the tax implications of COVID-19. ATO Assistant Commissioner Andrew Watson said “As…

Due to the Coronavirus pandemic, the Australian Government made a number of announcements about relief packages to help Australians through this difficult period. The most recent relief package announcement was to introduce the HomeBuilder scheme in an effort to stimulate the building industry, creating jobs and economic growth, and for those lucky enough to be…

The Australian Taxation Office (ATO) has today updated it’s website with essential information about tax and superannuation changes that have now become law following the passage of the Government’s Economic Support Package through the Parliament. The site is ato.gov.au/coronavirus. Commissioner of Taxation Chris Jordan acknowledged that many people are being heavily affected by the challenging economic…

Is your 2019-20 Tax Return lodged? Click below to view a summarised Tax Return Checklist. If you have any queries, please do not hesitate to contact us.

The article below provides a concise review of information in relation to the Relief for Commercial Tenants due to COVID-19. Evictions will be put on hold over the next 6 months for commercial and residential tenants. A code of conduct applies to retail, office and industrial commercial tenancies between owners, operators, other landlords and tenants.…

Due to the Coronavirus Crisis, the Australian Government has introduced various initiatives to assist households and businesses during this uncertain time. Businesses The instant asset write off is increasing from $30,000 to $150,000 for assets purchased and ready to use between 12 March 2020 and 30 June 2020. This is for new or second hand…

Many of our clients who are eligible and who have enrolled for JobKeeper have received their April reimbursement. In order to receive your payments for future months you will be required to prepare & lodge your monthly business declaration with the ATO. The declaration can be made using the business portal or through your registered…

Click the link below for JobKeeper Key Dates: JobKeeper Key Dates Step 1 – Enrol Please check your eligibility and enrol if you meet all the eligibility requirements. You have until 31 May 2020 to enrol if you are eligible and want to receive payments for April and/or May. You can enrol after 31 May 2020…

The ATO has revealed it will be requesting a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred horses, fine art, high value motor vehicles and aircraft. Insurers have been asked to provide the ATO with policy details for “lifestyle assets” over certain asset value thresholds…