admin, Author at AT Business Advisors

The ATO Increases the Instant Asset Write-off

What is an Instant Asset Write-off? The instant asset write-off allows small to medium-sized businesses to claim immediate deductions for plant and equipment asset purchases (both new and second-hand). Equipment includes vehicles, tools, machinery and office equipment. The asset must...

April 15, 2021

6 months moratorium on residential tenancy evictions

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6 months moratorium on residential tenancy evictions

The NSW Government is introducing measures to help landlords and tenants work together. The support package includes a six-month moratorium on landlords making applications for evictions due to rental arrears: for tenants who are financially disadvantaged by COVID-19, and where...

April 13, 2021

SME Commerical leasing principles during COVID-19

Blog COVID-19

SME Commerical leasing principles during COVID-19

National Cabinet Mandatory Code of Conduct SME Commercial leasing principles during COVID-19 The National Cabinet has agreed that states and territories will implement a mandatory code of conduct for commercial tenancies. More information here

April 12, 2021

Claiming tax deductions for working from home due to Coronavirus is being made easier

Blog COVID-19

Claiming tax deductions for working from home due to Coronavirus is being made easier

Working from home because of Coronavirus? You’re now eligible for a new 80 cents per hour tax shortcut The Australian Taxation Office (ATO) is introducing a new method which will allow people to claim 80 cents per hour for all...

April 7, 2021

Blog COVID-19

JobKeeper Payment – FAQs

JobKeeper – Frequently Asked Questions WHAT IS THE JOBKEEPER PAYMENT? The JobKeeper Payment is a payment made to eligible businesses and not-for-profits affected by the Coronavirus to support them in retaining employees. Eligible businesses that elect to participate will receive...

April 6, 2021

$10,000 grants to provide fast relief for NSW small business

Blog COVID-19

$10,000 grants to provide fast relief for NSW small business

Thousands of small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced today by Premier Gladys Berejiklian, Treasurer Dominic Perrottet and Minister for Finance and Small...

April 2, 2021

PM says financial hardship will be reflected in rental waiver

Blog COVID-19

PM says financial hardship will be reflected in rental waiver

Addressing the country today, Prime Minister Scott Morrison said that the anticipated industry code of practice for commercial tenants, designed to address particularly the small and medium sized tenancies, has not yet been finalised. “An industry code of practice for...

April 2, 2021

What employers need to know about FBT 2020

Blog COVID-19

What employers need to know about FBT 2020

We are living in difficult times, however the world keeps going and our businesses are still expected to meet their Fringe Benefit Tax (FBT) obligations for this year ended 31 March 2020. The key issues for employers this FBT year...

March 29, 2021

Blog COVID-19

ATO Lodgement dates

ATO Lodgement requirements Below is a table of ATO lodgement dates from 1 April to 31 August 2020. Date Lodgement Obligation Announced Payment Concessions triggered by Lodgement 7 April 2020 March 2020 Monthly NSW Payroll Tax Payment of tax is...

March 29, 2021

Blog COVID-19

JobKeeper Payment

The Government is introducing a subsidy program to support employees and businesses. The JobKeeper Payment is designed to help businesses affected by the Coronavirus to cover the costs of their employees’ wages, so that more employees can retain their job...

March 3, 2021

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Author: admin