Lodestone Pty Ltd
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Using Up-To-Date Accounting Services has absolutely been the right decision for us. No question, big or small, ever feels like it’s too much trouble for the Up-To-Date team, and we really appreciate how friendly everyone is.
Up-To-Date’s action and advice has saved my wife a significant amount of tax and made our future look a whole lot brighter. We are indebted to Jody and her team’s knowledge and professionalism.
These are new measures that have been introduced in this package for the next 6 months: Temporary higher thresholds and more time to respond to demands from creditors (Statutory Demands) – these measures will increase the thresholds from $2,000 to $20,000 at which creditors can initiate insolvency or bankruptcy and increase the time to respond…
Continue reading Coronavirus – Support for businesses in the form of temporary relief
New Working from Home Deduction The ATO is announcing special arrangements this year due to COVID-19 to make it easier for people to claim a tax deduction when they are working from home. The new arrangement will allow people to claim a rate of 80c per hour (commencing 1st March 2020) for all their running…
ATO announces short cut method for claiming home office running costs The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g., additional heating, cooling and lighting costs), as a result of working from home due to the Coronavirus pandemic. Refer…