Emily Kermac Archive
BlogTax
Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and is not income assessed for tax purposes - but this is not always the case.
Small Business
The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”.
Small Business
We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. Here is what has been announced so far:
Uncategorized
Australian Taxation Office initiatives are searching out fraud and schemes designed to take advantage of the Coronavirus Economic Response Package.
Blog
With all the changes occurring in the last year, it’s difficult to keep track. Thankfully we have compiled a list of a few things we can confirm to occur on 1 July 2020.
Small Business
Recent changes to the JobKeeper Payment scheme means employers have a little more time to send in their report.
PropertyTax
Late in 2019, legislative changes were made that exclude non-residents from accessing the main residence exemption.
Tax
Many small business owners need to question whether or not to purchase tax audit insurance.
Tax
If the ATO has queries or suspects something is not right, you need to be able to respond.
Small BusinessTax
Christmas parties are considered to be "entertainment benefits". Therefore, the expenses may be subject to fringe benefits tax (FBT).
Small BusinessTax
As a general rule, smaller businesses tend to use cash accounting because it is not as complex as non-cash accounting.
