Keep up to date on the latest from TTO, including in-house events, business updates, tax and finance industry news, and useful information regarding accounting and financial planning.
If you are currently receiving the JobKeeper payment, the following is a must-read. On the 14th August the Federal Government amended the JobKeeper payment scheme, to now include employees hired between the 1st March and 1 July 2020. All qualifying employees hired between these dates can be added to your current employees claiming the JobKeeper […]
Ray Tonellato and I are excited to announce the launch of TTO Finance and Mortgage Broking, adding further depth to our current range of financial services offered; Accounting & Taxation, Business Advisory, Bookkeeping and Financial Planning. TTO Finance has been created to provide you easy access to first-class lending assistance and advice, making TTO a one-stop-sho p for […]
The JobKeeper Payment, which was originally due to run until 27 September 2020, will now be extended to eligible businesses and the self-employed until 28 March 2021. JobKeeper Payment Rate The current rate of $1,500 per fortnight will reduce to $1,200 per fortnight from the 28 September 2020, for full-time workers and $750 per fortnight for employees […]
TTO would like to welcome not one but two new employees to the team – Georgia Burne and Georgia Harders. Georgia Burne is a graduate of Flinders University having completed her Bachelor of Commerce & Business in 2018. With 12 months experience in Business Services, Georgia will be operating as a Taxation Services specialist and […]
Single touch payroll (STP) for small employers with 19 or less employees became mandatory from 1 July 2019. If you employ people, as an end of financial year process – you will need to complete the following: Make your finalisation declaration by 14 July each year If you have 19 or fewer employees, you have […]
If you’re an employee and temporarily work from home due to recent events, such as COVID-19 (coronavirus), bush fire and drought, you may be able to claim a deduction for expenses you incur relating to that work. You may be able to claim a deduction for additional running expenses you incur such as heating, cooling […]
The South Australian government has recently released a $10,000 Cash Grant for small and medium businesses, there are a few restrictions beyond the Federal Government JobKeeper program which will need to be met before qualifying for the Grant. Key Criteria Needed to Qualify for the Grant You must qualify for the Federal Governments JobKeeper Incentive […]
On Friday afternoon, the Federal Government provided further guidance on Commercial & Residential Leases but still no great detail. In our opinion, this has been a major “hole” in the current government incentives that have been announced and one that will have an effect on all Australians regardless if you are a landlord, tenant, homeowner or […]
As you are no doubt aware, the changes to South Australia’s Land Tax Legislation have now been passed. The new provisions are lengthy, detailed and complex, however depending on how your property investments are structured a reduction in land tax is possible! Yes, you may save some money! TTO has developed software to calculate the […]