If you have a student debt (a HELP debt, or HECS debt to use the old name), you have to repay some of the debt each time you lodge your tax return - provided your income was above the minimum threshold. In the good old days, the definition of income…
I want to quickly mention an issue that you might occur if you work for the Australian arm of an overseas company. And I want to warn you that if you receive a particular ATO letter, you need to drop everything and sort it out. See below. I had a…
If you’re reading this, it probably means that you, or somebody close to you, is going through a hard time. The purpose of this article is to give you some ideas that might alleviate the financial pressures. Illness can come suddenly, and can turn the life of a family on…
Jarrod Rogers CPA, Feb 2022 The early retirement scheme (ERS) or early retirement plan (ERP) is offered to employees in the Victorian public service from time to time. With the size of public service there is always likely to be one department or another restructuring, meaning these offers are very…
Jarrod Rogers CPA, 3 July 2020 No... you definitely can't. ...claim your coffee machine, that is. There are lots of things you can claim a deduction for if you've had to work from home during the great corona panic of 2020, but the ATO are clear on what you can't…
We recently conducted a JobKeeper Q&A session on YouTube. If you cannot view the video we have included a transcript below. Transcript Hi everybody, it’s Jarrod Rogers here from Beyond Accountancy. I’m here today with Ashlee and Craig. JobKeeper is now law, it has been operating for a while. Enrolment…
What does it mean if your SMSF status is Regulation details removed on Super Fund Lookup? The explanation on Super Fund Lookup simply says: The regulation details of this SMSF have been removed from display in Super Fund Lookup due to their failure to lodge returns. But you've already read…
Jarrod Rogers CPA 5 April 2020 The coronavirus crisis has resulted in a lot more employees working from home. These are the main questions we're getting from clients about home office deductions with the ATO and the main claims most people should be making. Update 7 April 2020: What is…
Jarrod Rogers CPA 3 April 2020 Yes, it's another update from us on government stimulus. However, every new week is a new tax law, and as businesses owners, we all need to keep up to date. Job Keeper You would have heard of Job Keeper in the news. Here is…
24 March 2020 Here’s an update on the new package. Please note that this passed both houses of parliament on March 23 and only required Royal Assent to become law. This means that there is now some certainly about what measures have been adopted. There is a lot to take…