Blog
Economic Update and JobKeeper 2.0: What you need to know?
On 21 July 2020, the Government has announced the future of JobKeeper after reviewing its jobs during this COVID-19 situation. The two main important updates are: All the current JobKeeper schemes will remain until 27 September 2020, and JobKeeper payments will be extended by a further six months to 28 March 2021 with an […]
What Are The Top 3 Mistakes N OT To Do When Lodging Your Tax Returns?
It is time to claim your tax returns back! Although the lodging process seems quite straightforward and familiar, there are still the top 3 huge common mistakes that taxpayers need to know to do it right. Missing out on the expenses that you are entitled to claim as long as they incurred for […]
ATO’s ‘shortcut method’ for employees working from home due to COVID-19
With the ongoing lockdowns put in place due to COVID-19, working from home has become a commonplace. Tax returns this year is therefore anticipated to be a little different than we are accustomed to. Employees affected by the lockdowns can access ATO’s temporary ‘shortcut method’ for claiming expenses until September 30, 2020. With […]
12 Tips for Business Owners to LEGALLY save $25,000 in Taxes
Lan Nguyen shares 12 tips to legally save $25,000 to business owners for EOFY 2020
5 Steps Every Business Owner Must Do 12 Months Before Listing For Sale
Lan Nguyen, Director of Success Accounting Group discusses the 5 Steps Business Owners Must Do Before Listing a Sale. She is joined by Matthew Kenny and Maurice Wolman of All Commercial.
What is the Rental Relief Code of Conduct?
Lan Nguyen together with Matthew Kenny and Maurice Wolman of All Commercial discusses the new code of conduct for Rent Relief during the coronavirus pandemic.
Save Tax – “Cap” tax using a “bucket company”
In the lead up to 30 June 2020, we want you to know why using a “bucket company” can be a great strategy for saving tax on trust profits distributed.PROFITS FROM A TRUST?Do you have a Trust that generates profits? If yes, then read on! A “bucket company” allows you to “cap” the tax on profits […]
Save Tax – Opportunities with Superannuation for 2020
When you retire, your superannuation is likely to become an important source of your income. That’s why it’s a good idea to top it up while you are working. But did you know, there are also some excellent tax benefits you can take advantage of right now – just by making your own voluntary superannuation contributions? Generally, […]
Reduce your 2020 tax
With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June 2020 to reduce your tax and grow your wealth. For 2020, key priorities are likely to include: •Maximising superannuation contributions without exceeding the relevant caps • Bringing forward deductible expenses • Deferring taxable income • […]
JobKeeper Overview
Under the JobKeeper Payment, businesses impacted by the coronavirus will be able to access a subsidy to continue paying their employees. The Government will provide a fortnightly payment of $1,500 per eligible employee until 27 September 2020. Now the legislation and accompanying Treasurer’s rules are available, we have clearer guidance as to key aspects of […]
