SMSF trustees rejoice ! Due to the ongoing economic impacts of Covid-19, the ATO has announced the extension of various Covid-19 relief measures for you. The relief, previously only available for the 2020 and 2021 financial years, will now also be available for the 2022 financial year.
There is very little way to avoid paying taxes completely, and they are our government’s way of bettering us as a society. So why do people fear them if they are so certain? Have we lost sight of their actual purpose?
Is home your main place of business? If yes, you may be able to claim some running expenses, including the cost of electricity, cleaning and depreciation of business assets.
SuperStream is the way all employers must pay superannuation guarantee contributions to super funds. If you are yet to become SuperStream compliant, you are ultimately creating unnecessary work for yourself and may receive financial penalties.