Get ready for Tax Time
Your find tips that will help your business get ready for Tax time. Visit the ATO website for more information...
Claiming instant asset write-off in tax time 2020
For the $150,000 new threshold your asset must be ready for use by 30 June 2020. If you've purchased or are planning to purchase assets for your business, you may be eligible to claim an immediate deduction under the instant asset write-off expansion. From 12 March to 30 June 2020 (inclusive), the instant asset write-off threshold for each asset increased to $150,000 (from $30,000).Visit the ATO website for more information...
Get ready - second round of cash flow boosts
If you received initial cash flow boosts, you'll automatically receive additional cash flow boosts when you lodge your activity statements for each monthly or quarterly period from June to September 2020.Visit the ATO website for more information about second round cash flow boosts and details on lodgments...
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