Author Archives for wybenga_admin

Tax time 2020: ATO homes in on rental deduction claims

July 7, 2020 12:00 am Published by Comments Off on Tax time 2020: ATO homes in on rental deduction claims

Rental deduction hotspots for this tax time have now been identified by the ATO as it anticipates a change in claims because of COVID-19 and recent natural disasters.


ATO announces Div 7A COVID-19 assistance

July 3, 2020 12:00 am Published by Comments Off on ATO announces Div 7A COVID-19 assistance

Taxpayers affected by COVID-19 will now be able to request for an extension of time to meet the minimum yearly repayment on complying Division 7A loans.


Covid-19 resources.

June 30, 2020 12:00 am Published by Comments Off on Covid-19 resources.

Multiple sources of help and explanation the relief packages and programs our Governments have recently. All relate to Covid-19 so that you don't have to hunt for information or miss out.  Your accountant can help with any question you have.


‘HomeBuilder’ grants now available.

June 29, 2020 12:00 am Published by Comments Off on ‘HomeBuilder’ grants now available.

$25k grants for housing construction, renovations to bolster industry.  The Federal Government will give eligible Australians $25,000 to build or substantially renovate their homes.


JobKeeper documentation ‘absolutely critical’ in ATO audit

June 26, 2020 12:00 am Published by Comments Off on JobKeeper documentation ‘absolutely critical’ in ATO audit

Practitioners have been advised to keep contemporaneous documentation of their calculations and advice around the JobKeeper payment scheme to avoid inevitable audit scrutiny in the near future.


ATO updates JobKeeper compliance approach

June 20, 2020 12:00 am Published by Comments Off on ATO updates JobKeeper compliance approach

The Tax Office has now updated its JobKeeper compliance guidelines with new examples of schemes where there will be a high risk of the commissioner devoting his compliance resources to.


COVID-19 hotspots – tax time 2020

June 17, 2020 12:00 am Published by Comments Off on COVID-19 hotspots – tax time 2020

Agents have been urged to be proactive as tax time 2020 approaches, with the ATO set to take a closer look at clients’ tax returns through a COVID-19 lens.


$150k instant asset write-off set for significant drop

June 14, 2020 12:00 am Published by Comments Off on $150k instant asset write-off set for significant drop

The $150,000 instant asset write-off will soon revert to its original threshold of $1,000 in just over four weeks, with businesses urged to consider the measure ahead of the end of financial year.