COVID-19: Working From Home Shortcut Method Extended
If you’re working from home, it’s handy to know that the Government recently extended the ‘shortcut method’ used to claim a deduction for your work-related expenses.
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COVID-19: JobKeeper Payment and Income Support Extended
The federal government has announced the JobKeeper Payment will be extended to 28 March 2021 and also extended the temporary Coronavirus Supplement to 31 December 2020.
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COVID-19: SME Loan Scheme Continued
The Coronavirus SME Guarantee Loan Scheme has been extended to 30 June 2021, to support more small and medium-sized businesses.
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Treasury Introduces Permanent Identifiers for Directors
Under new laws Directors will now be required to apply for a permanent unique identification number or risk hefty fines.
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1.75% Increase to Minimum Wages
The Fair Work Commission has announced a 1.75% increase to minimum wages. This will apply to all award wages.
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Records to Keep for Tax Time
With the end of financial year fast approaching, it is time to consider your planned claims and deductions and the records you should keep for tax time.
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6 Month Extension for the $150k Instant Asset Write-Off
Prime Minister Scott Morrison has extended the $150,000 instant asset write-off until the end of 2020, in an effort to encourage investment as part of his JobMaker plan.
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Return to Work Post COVID-19
As governments around the world make plans to relieve restrictions, businesses are also making plans on how to safely return to a more normal work life. And whilst it can be daunting, the best way to succeed is by working with your team, as a team, to find the right balance as we ease into the new world post-COVID.
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Alternative Tests for the Coronavirus Economic Response Package
Alternative tests legislation has passed to support businesses with the potential to be adversely affected by COVID-19 but don’t meet the basic tests.
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Tax Planning – What is your tax strategy?
Tax planning will ensure you have a tax strategy in place before 30 June, to help you make strategic decisions and maximize your deductions and returns this tax season.
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Mark Semmens
Mark is a Chartered Accountant with a wealth of experience in accounting and taxation. Mark is a Member of Chartered Accountants Australia and New Zealand, the Tax Practitioners Board and the National Tax and Accountants Association.
Mark's blogs
Daniela Semmens
Daniela Semmens is a Co-Director of Semmens & Co. and joined the company as General Manager in 2017. Daniela is an Affiliate Member of Chartered Accountants Australia and New Zealand and also a Member of the Australian Institute of Project Management.
Daniela's blogsContact Us Today
For any enquiries into our team or our services please contact Semmens & Co. via email at info@semmensco.com.au or call us on 03 8320 0320
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