February 2021 Newsletter
Creating an Online Community for your Business
With 45% of the world’s population utilising social media, it’s important to acknowledge the leverage these platforms have for small businesses...
ATO warning: watch out for tax avoidance schemes
Tax planning or tax avoidance – do you know the difference? Tax planning is a legitimate and legal way of arranging your financial affairs to keep your tax to a minimum, provided you make the arrangements within the intent of the law...
COVID-19 Supplement extension to 31 March 2021
The Federal Minister for Families and Social Services has now registered the legal instrument that ensures the COVID-19 Supplement will continue to be paid until 31 March 2021 for recipients...
Working from home deductions: shortcut rate until 30 June 2021
The ATO advises that the “shortcut” rate for claiming work-from-home running expenses has been extended again, in recognition that many employees and business owners are still required to work from home due to COVID-19...
JobMaker Hiring Credit rules and reporting
With a range of government COVID-19 economic supports such as the JobKeeper and JobSeeker schemes winding down in the next few months, businesses that are seeking to employ additional workers but still need a bit of help can now apply for the JobMaker Hiring Credit Scheme...
Small businesses: do not forget your FBT concessions
If you own a small business still recovering from the COVID-19 induced downturn, remember that you can take advantage of FBT concessions to lower the amount of FBT you may need to pay...