Temporary full expensing under the Instant Asset Write Off (IAWO) has arrived, and that means larger businesses can consider how to make the most of it.
Any business making up to $5 billion can now write off any eligible expense immediately, in a huge expansion of the Instant Asset Write-off scheme.
When self-employed or doing contract work as a freelancer, the flow of income often arrives in lump sums, followed by periods of drought.
MYOB recently hosted a webinar for business advisors, featuring guidance from CAANZ and the ATO for this year’s EOFY.
Getting tax time right will be of utmost importance for small business owners in 2020. Don’t forget these claims if you want to maximise tax deductions.
Freelancers are no doubt tying up loose ends and scouring their receipts for legitimate claims ahead of tax time in 2020. Here’s what to focus on first.
The initial rush to apply for JobKeeper is over, plenty of business owners remain unclear about how to continue quaifying for ongoing payments from the ATO.
For businesses working with a variety of employee types and timesheets, applying for JobKeeper can be a real chore. For those using Tanda and MYOB together, things are much rosier.
Single Touch Payroll, or STP, is an important element of receiving JobKeeper stimulus payments. Here’s what you need to know.