Work-related expenses is an area in which we have experienced a recent lift in the ATO’s scrutiny. With the 2021 lodgement due date fast approaching, we have put together a timely reminder of the supporting documentation and evidence you would be expected to produce if the ATO were to audit these claims in your personal tax return. Read more on record keeping work-related car expenses, travel expenses and working from home expenses here.
A grant of up to $25,000 for small and medium food and beverage manufacturing businesses to assist with energy-saving projects is available. The grant is to assist with replacing equipment, modifying systems or undertaking energy management activities that result in improving energy efficiency. Read more about the details and eligibility for this grant here.
Small businesses and primary producers may be eligible for low-interest Disaster Assistance loans of up to $250,000. These loans are to provide small businesses or primary producers, whose assets have been significantly damaged as a direct result of an eligible disaster, with low-interest loans to help in their recovery efforts. Read more here.
Grants of up to $50,000 are now available for affected producers following Central Southern Western Qld Rainfall and Flooding during 10 November – 3 December to hire or purchase equipment and materials, clean up, remove debris, replace fencing and other costs associated with the recovery process. Read more here.
Support is now available for employees who need to self-isolate or quarantine due to COVID-19. Pandemic Leave Disaster Payment is a lump sum payment to help you during the time you can’t work and earn income if you need to self isolate or quarantine, or care for somebody who has to self isolate or quarantine due to COVID-19. Read more on eligibility here.
We are very pleased to announce our expansion into New Zealand and we warmly welcome Tadius Munapeyi to the Hall Chadwick Association. Read more here.
As small businesses celebrate Christmas with staff parties, it is important to remember the Fringe Benefits Tax (FBT) implications for non-FBT exempt organisations. Read more on the tax considerations for your business celebration.
Scammers are becoming increasingly sophisticated in their methods often going to great lengths to prove their offer is “legitimate”. Their approach can be so sophisticated and smooth the scam can be difficult to spot, despite our increased awareness. We list some of the most common scams and how you can avoid them.
Merry Christmas from the team at Hall Chadwick QLD. Our office will close Thursday 23 December 2021, at 5pm and reopen Tuesday 4 January 2022.
The Federal Government recently announced an extension to the temporary reduction in minimum pension requirements until 30 June 2022. Read more about this extension here.