Ph: 0422 311 350

Tax Tips

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The uncertainty being created by the coronavirus has affected businesses across the country with supply chain disruptions and changing customer habits to minimise any potential contact with the virus. In response, the Australia Tax Office (ATO) has implemented a range of measures to assist individuals and businesses affected by the outbreak.

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Did you know you can now access your voluntary superannuation contributions to help when it is time to purchase your first home?

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When we purchase either a main residence or investment property, we should not just focus on the initial purchase figure. There are other 'hidden' fees involved in the purchase and all these costs should be factored into the overall buying budget.

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The ATO has reminded employers that legislation has been passed to extend Single Touch Payroll (‘STP’) to include all employers from 1 July 2019. This will be a gradual start, and not all employers will start reporting at the same time.

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With the federal election just around the corner, the recent Federal Budget’s proposed changes are by no means certain, but we assume they will be if the incumbent government is re-elected.


Our office

Phone
0422 311 350

Email
infotaxgo@gmail.com

Address
3/2a Martin Place
Mortdale NSW 2223

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