Covid disaster payments
A reminder the Federal Government’s COVID-19 Disaster Payment kicks in from the 5th of July for everyone in Greater Sydney. … Read More
Helping businesses recover
Tax depreciation incentives to help businesses recover In 2020, the Government introduced tax depreciation incentives to help businesses recover from … Read More
Small business tax time errors
It is almost the end of the current tax year (2020–21) and the start of a new one (2021–22). It … Read More
Simplified trading stock rules
Under the simplified trading stock rules, you don’t have to: conduct a formal stocktake; account for the changes in your … Read More
Electronic invoicing
The Government will spend $15.3 million to enhance the value of electronic invoicing to help businesses reduce costs and increase … Read More
R&D applications – new online portal
A new customer portal has been launched to make it easier for companies to manage their applications for the Research … Read More
FBT: Do you provide car parking for employees?
If you provide car parking for your employees, you may have to pay fringe benefits tax (FBT) on those benefits. … Read More
FBT rates and thresholds
Various rates and thresholds relevant for calculating FBT are updated on 1 April each year. Updated figures for the current … Read More
Year-end tax tips
Reduce your tax bill If you are a sole trader or a partner in a partnership, or your business is … Read More
Online services for sole traders
Sole traders with an ABN who use the ATO’s online services for individuals now have access to improved functionality, making … Read More
The black economy
The black economy is a complex, multi-faceted phenomenon operating across Australia’s workplace relations, financial, welfare, procurement and migration systems. Black … Read More
DISCLAIMER
Thompsons Australia Newsletters and articles are distributed by professional tax practitioners to provide information of general interest to our clients. The content of this newsletter does not constitute specific advice. Readers are encouraged to consult their tax adviser for advice on specific matters.