We may think we will be in charge of our business forever but the truth is that one day we are going to have to step back and hand the keys over to someone else. Succession planning is the process of identifying and developing new leaders for when you leave the business to ensure that [...]
To assist with donations, we have put together a short guide for you. 1. Confirm the charity has their DGR status DGR stands for “deductible gift recipient” and means any donation of $2 or more can be claimed as a tax deduction in Australia. Without this status, you are unable to claim a tax deduction for [...]
The JobKeeper rules were updated on Friday 14 August 2020 to include the 1 July test for new employees for fortnights commencing 3 August (fortnight 10) onwards. Employers will need to assess whether they have any new eligible employees and notify these employees by this Friday 21 August. What you need to know: The reference date [...]
Want some information to pass along to your employees at tax time? Do they know how to access their income statement for the 2019/2020 tax year? Do they have a MyGov account? Download our Tax Time Essentials guide. Tax Essentials Guide
Due to the global pandemic, many have found themselves working from home for the first time. If you’ve worked from home between 1 March 2020 and 30 June 2020, you may able to claim a deduction for home office expenses. The Australian Taxation Office has introduced a shortcut method to ease the compliance burden during [...]
