by MRG Redshaw | Feb 9, 2021 | Alerts, Announcements, Business Solutions, Small Business, Tax, Uncategorised
For businesses managing a vehicle fleet, the Fuel Tax Credits system can be an excellent route for operators to claim full or partial refunds for the fuel tax (excise or customs duty) that’s included in the price of fuel. Under the FTC system, fuel used in...
by MRG Redshaw | Oct 14, 2020 | Alerts, Announcements, COVID-19 Support, Federal Budget, Small Business, Tax
On Tuesday, 6th October, Federal Treasurer Josh Frydenberg handed down the 2020/21 Federal Budget, outlining a further $98 billion in financial economic support, however acknowledging a $200 billion deficit – the biggest since World War II. Under the Federal...
by MRG Redshaw | Sep 21, 2020 | Alerts, Business Solutions, Small Business, Tax, Uncategorised
For businesses who have employed new full-time employees over and above their capacity across the 2019-20 & 2020-21 Financial Years, you may be eligible to claim a Payroll Tax – ‘Employment Growth’ Rebate, up to the value of $20,000 per year. As...
by MRG Redshaw | Jul 20, 2020 | Small Business, Tax
If you have 19 or fewer employees, you have until 31 July 2020 to make an STP finalisation declaration. This declares you have provided all required information for the financial year through your Single Touch Payroll (STP) reporting. This does not apply to employers...
by MRG Redshaw | Jun 11, 2020 | COVID-19 Support, Small Business, Tax
In a move designed to improve cash flow, the government have extended the instant asset write-off threshold of $150,000 for businesses with an aggregated turnover of less than $500 million, to 31 December 2020. The threshold applies on a per-asset basis, so eligible...
by MRG Redshaw | May 14, 2020 | Announcements, COVID-19 Support, Tax
The ATO have now announced that from 1 March until 30 June 2020, you are able to use the shortcut method and claim a deduction of 80c for each hour you work from home due to the COVID-19 as long as you are working from home to fulfil your employment duties and not...
