Backpackers Tax Refund
If you are a backpacker or travelling in Australia on a working holiday visa, you could be entitled to a tax refund!
Tax updates
2022-23 Federal Budget
On March 29th, 2022, Treasurer Josh Frydenberg announced the Federal Budget for 2022-23. Here are some key takeaways you should know.
Super Contribution Changes from 1 July 2022
On the July 1st, 2022, various changes to superannuation contributions will come into effect.
Disaster Recovery Small Business Grant
Is your business affected by the storms and flooding the past few months? The NSW Government is providing a disaster recovery grant for small businesses and not-for-profit organisation.
Temporary Full Expensing
As a temporary COVID relief up to 30 June 2023, the ATO has allowed immediate expensing of asset in full cost in the first year.
Work from home short-cut method extended
The ATO has extended the short-cut method to the 2021-22 year.
JobKeeper 2
The Government has extended JobKeeper to 28 March 2021. Employers seeking to claim payments will need to reassess their eligibility and prove decline in turnover.
Home Office Deductions – the Actual Cost Method
If you work from home you have 3 alternative methods to claim home office deductions: the shortcut rate method, the fixed rate method and the actual expense method.
Home Office Deduction – the Fixed Rate Method
If you work from home you can claim home office deductions at a fixed rate for running costs, and separately claim occupancy, phone and internet expenses.