Common Questions

The Government will introduce a new compassionate ground of release that will allow individuals to access their superannuation entitlements where those benefits are required to assist them to deal with the adverse economic effects of the Coronavirus, but only where one or more of the...

From 27 April 2020, the Government will introduce a Coronavirus supplement of $550 per fortnight (payable to individuals currently receiving certain eligible income support payments) and will also temporarily expand access to certain income support payments, over a six-month period. The Government will also provide two...

Another question from the common questions file. Our short answer is: Repairs and Maintenance are generally defined as a cost that repairs or replaces an existing item. That means if you replace an appliance with another comparable appliance then it will generally be Repairs & Maintenance, even...

While trips between home and work are generally considered private travel, you can claim deductions in some circumstances, as well as for some travel between two workplaces. Here is an actual case study provided by the ATO showing the approach they will take if your...

Why Register Your Business Name? This is a question that regularly causes confusion so I will try and simplify the answer below. The Purpose of a Registered Business Name "Registering your business name simply means nobody else can trade with that business name – It does not give you any...

This will quite possibly be the shortest post I have ever written. That is because the general answer to the question is a simple one. YES Why is a Corporate Trustee a “No Brainer” Decision? The ATO have provided a useful video which is worth watching. https://youtu.be/YzY8kifTeG4 The key benefits...