JobKeeper has been extended and will start from 28th September 2020 until 28th March 2021. There will be 2 extensions- 28th September 2020 to 3rd January 2021 and 4th January 2021 to March 2021. There are a number of changes which need to be taken into consideration before 28th September. Key dates: 31 October 2020…
Author: Jhco Admin
Working from home, the novelty sure wares off along with the motivation..
Like everyone else around the country, our office also has staff members which are working from home to help prevent the spread of COVID-19. Are you working from home? How are you coping? What helps keep you motivated? Carly (JH & Co’s Bookkeeper) has been working a few days from home here and there since…
Tax Audit
Tax Audit Did you know that most Management Liability and Business Pack Insurance Policies have Tax Audit as a coverage item or additional benefit? The increase in the number of audits being conducted by the Australian Taxation Office, and the State Revenue Office is significant. A Management Liability and Business Pack policy will typically extend…
Im working from home due to COVID-19, What can I claim?
This year, we have all found ourselves working from home at one stage or another due to COVID-19 and one of the most common questions when preparing an individual tax returns this year is, what can I claim for working from home in my tax return? If you are an employee who had to work…
FAQ My business received a grant from the State Government. Do I pay tax on it?
Short answer; probably. Income tax Grants are likely to be taxable unless they are specifically excluded from tax. If the grant relates to your continuing business activities, then it is likely to be included in assessable income for income tax purposes. The position can be different in cases where the payment is made so that…