WORKING FROM HOME BETWEEN 1 MARCH & JUNE 2020
editor • April 8, 2020
Many people are now working from home due to COVID-19. If this is you – make sure to keep a log of your “home office hours”, in your diary for 2020 tax time!
There are three ways that you can calculate your additional running expenses during this period:
i) claim 80 cents/hr for all additional running expenses
ii) claim 52 cents/hr for electricity, cleaning, stationery, decline value on assets; or
iii) claim actual work related of all running expenses.
The Australian Taxation Office (ATO) has officially opened Job Keeper applications from 20 April 2020 through the tax agent and business portals. Employers can either log into their ATO business portal or engage us to complete the application process for them. PLEASE NOTE that it is not compulsory for all eligible businesses to apply for Job […]
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Here is an extract from Employsure in regards to employers obligations. If you require further clarity, please contact Employsure on 1300 651 415 or visit employsure.com.au. Townsville Accounting has chosen to share this information due to amount of employer inquiries we have received in regards to their obligations during this time. What are my obligations […]
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Did you know that Townsville Accounting has partnered with our professional body to offer Audit Insurance to all our clients? This insurance is to protect yourself financially against the fees incurred during an audit. If you have business insurance – now would be a great idea to review your policy to ensure that you are […]
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I recently found the attached article from the Tax Practitioners Board in regards to obligations that both our clients and ourselves must adhere too. To assist our clients in providing their records required to lodge their GST, PAYG and Tax Obligations – we offer the use of an APP called RECEIPT BANK. Not sure how […]
The post Yours & Our Obligations To The ATO appeared first on Townsville Accounting.
As the director of a business it is extremely important to understand your obligations. About April 2020 (awaiting royal assent), the ATO will be able to issue a Directors Penalty Notice for: i) Unpaid super; ii) PAYG Withholding Amounts; and iii) GST Obligations This means as the director of a business that you can be […]
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