
Tax and Cash flow initiatives COVID
Second payment Eligibility To be eligible for the second payment, the employer is required to be active and to lodge the fourth quarter BAS. The second payment will be provided automatically as a credit in the activity statement when the fourth lodgement is done. Payments will be capped at $50,000 over the 2 quarters $50,000. Timing of payments The ATO will provide payment as a credit, once lodgements are made. The ATO will generally provide the refund within 14 days.
Read moreTop 3 mistakes in rental tax returns
Most of the taxpayers think going to the tax experts is a costly affair. In reality, it is just the opposite. By taking assistance of tax specialists in your tax matters you don't increase the costs rather increase the benefits that could easily be lost otherwise.
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How to choose a good accountant
Choosing the right accountant can save you time and money every year – whereas the wrong accountant could potentially have the opposite impact. The question is, in a world with so many practicing accountants and book keepers to choose from – how can you be sure if the person you’re talking to is any good?
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