JobMaker: how your business can take advantage
12 Nov
JobMaker: how your business can take advantage

JobMaker: how your business can take advantage

If your business is thinking of hiring new staff, now is the time, the Government will pay employers a subsidy of sorts for each eligible young worker employed over the next 12 months. The amount of the payment depends on the age of the employee, but may be up to $200 per week for those aged 16 to 29. The rules are not overtly complex, but the scheme is limited to certain types of employees and there are several key conditions that apply to both employers and the new employees so care should be taken

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12 Nov
How to claim your work at home expenses

How to claim your work at home expenses

Tax time 2020 is ending soon, if you haven’t lodged yet, there is still time, this year don’t forget to claim your work from home expenses. There are generally 3 ways of claiming work at home expenses, all of which give a different outcome. It is up to individual taxpayers to work out which method suits them best and gives them the biggest deduction.

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22 Oct
Budget 2020 – What’s in it for My Business

Budget 2020 – What’s in it for My Business

In his second Budget, the Treasurer, Josh Frydenberg has unleashed $300bn to support the economy and get growth back on track. With Australia’s unemployment rate at a 22-year high, it’s no surprise that this Budget is all about job recovery. To encourage private enterprise and businesses of all sizes to hire new employees the government announced some significant business measures including extension of small business tax concessions, outright deductions of capital assets until 30 June 2022, loss carry-back, and clarification of the corporate residency test.

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22 Oct
Helping Hand from the ATO for Struggling Businesses

Helping Hand from the ATO for Struggling Businesses

The ATO has outlined options for businesses struggling with the economic downturn including deduction of business losses and offsetting losses in future years. It is also assisting taxpayers with waiving interest and penalties in certain circumstances.

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22 Oct
New Centerlink & ATO Data Matching Program

New Centerlink & ATO Data Matching Program

A new data matching program between the ATO and Centrelink is currently underway and will apply for the 2019-20 and 2020-21 income years. The program relates to the use of Single Touch Payroll (STP) data. It is estimated around 460m pay events will be exchanged during the active period and will affect approximately 10-12m individuals who are mutual clients of the ATO and Centrelink.

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Get in touch

Tell us about your business…

SPRINGWOOD OFFICE
19 Ferguson Road
Springwood NSW 2777

Phone 02 4751 4444
Fax 02 4751 4135

PENRITH OFFICE
Suite 14/20-24 Castlereagh St.
Penrith 2750

Phone 02 4722 8138
Fax 02 4722 8137

Email advice@rea-associates.com.au
Map
SPRINGWOOD OFFICE
19 Ferguson Road
Springwood NSW 2777

Phone 02 4751 4444
Fax 02 4751 4135

Map
PENRITH OFFICE
Suite 14/20-24 Castlereagh St.
Penrith 2750

Phone 02 4722 8138
Fax 02 4722 8137