PLANNING YOUR WAY FORWARD POST COVID-19
Last month’s article introduced you to a model you may find helpful in negotiating a pathway through the challenges currently presented by COVID-19 and its impact on your financial security, family and interpersonal relationships, your mental wellbeing and physical...
A framework for surviving the challenges of COVID-19
By BRIAN SPURRELL THIS MONTH’S article moves away from the customary focus on tax tips and tax information and is dedicated to my readers who may be struggling to cope with the pressures and uncertainties we are experiencing under the ravages of COVID-19. Resilience...
More Timely Tax Tips and Traps to be Avoided
If you are a self-preparer, by now the vast majority of you can expect to find your tax information for 2020 marked “Tax Ready” if you use the ATO online service via myGov to access the information you will need to complete your individual tax return as a...
End of Financial Year Reminders
This month’s column draws your attention to a number of issues that may be relevant for you at this time of the year when your mind turns to getting your information ready for tax time. There are a number of changes this year that have implications for the preparation...
Last Minute Tax Tips — Urgent Reading
BY THE TIME you read this month’s column, you will have less than three weeks to take advantage of a number of important opportunities to reduce the tax payable on your 2020 income tax return, be it your business tax return or your individual tax return. COVID-19...
Further Tax Update on Working from Home
We are all living in a period of great uncertainty and not the least of which is the constant barrage of daily releases of new government assistance to individuals, employees and business plus regular updates aimed at clarifying or adding to earlier information...
Job Keeper Payment
Dear Clients, Attached is a copy of a summary of the Job Keeper Payment based on the Govt’s Joint Media Release dated 30th March 2020 edited slightly by the National Tax & Accountants Association Ltd of which PTAS is a member. DOWNLOAD HERE This release is...
COVID-19 TAX UPDATE ON WORKING FROM HOME
We are all currently travelling together in unchartered waters that are very challenging, unnerving and confusing. Many of you may find yourselves working out of home rather than continuing your normal habit of going to your place of employment, so this month’s column...
COVID-19 Updates for Businesses and Individuals
We have provided the information below as a guide for businesses and individuals. We are trying our best to keep this updated as the news is breaking and will provide links where we can. Please be advised that this is general advice and details may be limited whilst...
Christmas Parties – Tax Tips for Employers
Christmas is rapidly approaching and those of us that are in business will be planning Christmas parties and maybe gifts and/or cash bonuses for employees and possibly gifts for clients and business associates. Therefore once again it is timely for this column to...
MORE ON PREPARING FOR TAX TIME
This month’s column is an addendum to my May article “Be Warned and be Prepared” which you should refer back to before you either prepare your own tax return or engage the services of a Registered Tax Agent. The article may be accessed via...
GETTING YOUR WORK RELATED DEDUCTIONS READY FOR TAX TIME
With less than three months until the end of the financial year, now is a good time to ensure you are fully prepared for maximizing your work related deductions without exposing yourself to the possibility of a tax audit. Irrespective of whether you use a registered...