Companies may now hold annual general meetings and sign documents electronically Companies should note that the government made a determination just before the end of the financial year that permits companies to hold annual general meetings by electronic format. Also, companies may execute a document, without using a common seal, by electronic communication. The determination …
Instant asset write off provisions While many of the COVID-19 stimulus changes such as the JobKeeper payment are grabbing headlines, it is easy to overlook the significance of the $150,000 instant asset write off provisions. The key changes for the instant asset write off include the following: Certain business entities can access an immediate deduction …
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Claiming expenses when working from home Many people are asking questions about claiming expenses when forced to work from home over the COVID-19 period. What’s more, there seems to be a lot of concern about any consequent capital gains issues when later selling a property from which people have been coerced to work from during …
The alternative turnover test will only apply to certain circumstance An alternative decline in turnover test for the JobKeeper payment scheme has now been registered by the ATO. The ATO says the alternative tests will only kick in if an entity cannot satisfy the basic decline in the turnover test. The instrument applies to provide …
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Are you an employees working from home? As the situation around COVID-19 continues to develop, you may now be working from home and you may incur expenses that you can claim at tax time. To claim a deduction for working from home, all of the following must apply: You must have spent the money The …
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