by Camden Professionals | Sep 8, 2020 | Property Investment, Tax & Accounting
Should you invest in property this 2020 while there is a pandemic? As people the world over panic and the economy grinds to a terrible halt with Australian property experts painting a grim future for the property market, you most probably have set aside your plans to...
by Camden Professionals | Sep 8, 2020 | Business, Small Business, Tax & Accounting
An understatement is that this has certainly been a difficult year, and we are certainly seeing that many businesses have made a tax loss. A tax loss is when the total deductions you can claim, excluding gifts and donations, are greater than your total income for any...
by Camden Professionals | Sep 8, 2020 | Business, Government Grant, Tax & Accounting
If your business has received a grant or payment from the Australian Government or a State or Territory Government, you may need to include it in your tax return. Some grants and payments are assessable income and so need to be included in your tax return. Grants and...
by Camden Professionals | Jul 22, 2020 | Business, Tax & Accounting
JobKeeper extension has been announced by the government. Payment for JobKeeper is now extended until 28 March 2021 for businesses and not-for-profit organisations severely affected by the COVID-19 pandemic. The payment extension, however, will be reduced and paid at...
by Camden Professionals | Jul 6, 2020 | Business, Tax & Accounting
ATO Employer Reminder: A reminder has been issued by the ATO to employers reporting through STP (Single Touch Payroll). That applies to just about every employer, assuming that deferral or exemption isn’t involved. Employers need to have payroll information finalized...
by Camden Professionals | Jul 6, 2020 | Depreciation, Tax & Accounting
Businesses and property investors will sometimes hire a professional quantity surveyor, who will put together an updated tax depreciation report. This will provide depreciation and capital works deductions for revenue-producing properties they own. These places may...
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