Tax Planning 2020-21 – Temporary Full Expensing and Loss Carry Back
Two JobMaker Plan temporary measures that are in place for the 2020-2021 tax return are: Temporary Full Expensing and Loss Carry Backs.
Plan now to take advantage of this and know how too complete the tax return correctly to claim these. We are across what information is needed to claim these in your 2020-2021 tax return – so contact us to organise an assessment.
JobMaker Hiring Credits.
Now that JobKeeper has officially ended, eligibility for JobMaker Hiring Credits may exist for additional employees employed on or after 7th October 2020.
To discuss eligibility, speak with DSD Accounting Solutions.
Happy New FBT Year – Meal Entertainment
Today is the last day of the FBT Year 2021 and understanding Meal Entertainment benefit is a grey area; not every meal provided by the employer is a “fringe benefit”. Misunderstanding it can potentially increase the amount of FBT payable.
Contact us to review your meal entertainment benefits.