What’s new this edition
Monthly Tax Tip
FBT, GST and Income Tax Rulings
Record keeping for work - related expenses the tax year
ATO zeroes in on Covid-19 fraud
Family assistance payment
2020 Individual Income Tax Return Checklist
Deductions - Please provide evidence
Tax offsets/rebates - Please provide evidence
Other relevant information - Please provide evidence
Click here for document: 2020 Individual Income Tax Return Checklist
2019/2020 Individual and Business Tax Return Checklist - NTAA
Tax saving strategies prior to 1 July 2020
Common claims made by individuals
Information Required
Maximising deductions for non-SBE taxpayers
Maximising deductions for SBE taxpayers
Click here for document: 2019/2020 Individual and Business Tax Return Checklist - NTAA
NTAA Practice Update – June 2020
JobKeeper declaration due 14 June
ATO reminder for employers – Finalise STP data for 2020
Guidance on JobKeeper reporting via STP
COVID-19 and tax depreciation
reports – are physical inspections necessary?
Important ATO lodgment and payment deferrals - NTAA
Lodgment and payment deferrals
-Company 2018-19 income tax returns are now due by 5 June 2020.
-SMSF 2018-19 annual returns are now due by 30 June 2020.
- 2018-19 income tax returns for individuals, partnerships and trusts can be lodged by the 5 June 2020
- 2019-20 FBT annual returns has been automatically deferred to 25 June 2020.
Click here for document: Important ATO lodgment and payment deferrals - NTAA
State & Territory COVID-19 stimulus packages - NTTA
State & Territory COVID-19 stimulus packages, include NSW Small business grants for owners that are eligible for a grant of up to $10,000, Payroll tax relief and deferrals are available etc.
Click here for document: State & Territory COVID-19 stimulus packages - NTAA
