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Case study on successful in dealing with the jobkeeper audit from ATO

The Australian Taxation Office scaled up its attention on an audit from the start of the year, along with the debt collection. The initial focus is on the job keeper audit. During the job keeper audit, the Australian Taxation Office will ask the taxpayer to provide evidence to prove that they are eligible for the
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The small fee and charges rebate of up to 1500 from NSW Government

After the job keeper has finished, the NSW government had recently introduced many measures to stimulate the State economy. Part of it includes the $25 dinner voucher and $25 entertainment voucher.  TODAY, the NSW government introduced the $1500 grant; it is called the Small Fee and Charges Rebate. Another way to think about it is,
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Maximize your tax refund from investment property by correct structure

Many people would overlook the importance of the capital gains tax and negative gearing implications when they set eyes on the investment property they want to buy.They would talk to their mortgage broker and lawyer about how to settle the property, how to get the lower interest rate. They would forget the fact that if
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Do you know the income from redundancy due to COVID 19 might be tax free

Due to COVID19 pandemic, many people had lost jobs as a result of the business restructure. Recently, Qantas AirWays had retrenched 6000 people, and other big brand companies like Virgin Blue, Myers also had retrenched or sacked many of their employees. If you are one of the employees who had been sacked due to the
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COVID19 working from home and how to maximize your tax refund

It is that time of the year again, the time to prepare and lodge your tax return. As a tax return specialist in the individual tax return, it is our job and aims to work with you to improve your tax position. We will endeavour to assist you in claiming as much as legally entitled
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How to make your accounting fee more affordable under COV-19

The Cornoavirus or COV 19 is getting out of control, with the affected people in Australia exceeding 150 as of today, and the death rate at 3 people. The Australian economy is quite vulunerable to the shock, and the Australian dollar had fallen drastically due to the outbreak of the Coronavirus. This week, in response
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how to pay less tax and claim more deduction

If you are a small business, then you will be eligible for the $30,000 immediate asset write off for depreciate asset from 2 April 2019 to 30 June 2020. The conditions to meet is that you are a small business, the income must be below 10million, and the depreciate asset must be ready to install

New Findings which might make ineligible job keeper to get job keeper payments.

Australian Taxation Office is the government entity to administer the Jobkeeper and Cash Flow Booster payment. The job keeper and cash flow boost are the Australian federal government’s economic stimuli to the needed Australian business to help them survive during this global pandemic of COVID19.  To administer the system effectively, the Australian Taxation Office had

How to overcome the large scale job keeper tax audit initiated by ATO

2020 is a challenging and unforgettable year. It is the year where one would remember for the rest of their life either with the good or bad memories, the year of COVID19. During the year, the Australian Taxation Office and the Australian Government had tried their best to keep the small and medium-sized business in