As we all know this year is like no other year for everything and this year’s tax returns is no exception. In reaction to Covid-19 various Stimulus Packages have been implemented by Federal Government. State Governments have issued some grants and other incentives. All this has made this year’s tax returns much different to any other.
We understand that these are worrying times. As we all grapple with the COVID-19 situation unfolding, we wanted to let you know we are committed to helping our clients through what will likely be difficult and challenging times ahead.
Single Touch Payroll (STP) is a new way of reporting tax and super information to the ATO. If you are using a solution that offers STP reporting, such as payroll or accounting software, you will send your employees’ tax and super information to us each time you run your payroll and pay your employees. The...
Its that time of the year and Optima Accountants is here to help you maximise your tax return! We work hard to keep your finances in order and ensure you get the best income tax return that you’re entitled to. With our ‘no upfront payment’ we provide a comprehensive range of Accounting and Tax services to all...
Buying and selling your home Generally, you don’t pay capital gains tax (CGT) if you sell the home you live in (under the main residence exemption). You also can’t claim income tax deductions for costs associated with buying or selling your home. But you should keep all the records relating to your home so that...