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Blog


Changes are coming to ASIC & the ATO - they're Modernising the Business Registers. This will there are a number of changes for businesses in Australia, but the one we're looking at today is the roll out of the Director ID.


This great question about how tax losses can work is from Tax and Super Australia, and may be quite helpful with making decisions in your business. If you need any clarification, or any help or advice with your tax (business or personal), please get in contact with us today!


The ATO have extended the use of their Working From Home deductions shortcut method until 31 December 2020. You can find the calculator here: https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/home-office-expenses/#Shortcutmethod

A reminder to only claim actual expenses and only expenses relating to work. If you are unsure what counts as a deduction, please contact us!


The Division 7A benchmark interest rate has been update; as of 1 July 2020 it will be 4.52%.

This is the 'Indicator Lending Rate - Bank variable housing loans rate' which is the rate last published by the Reserve Bank of Australia before the start of the relevant financial year.

If you would like any further information on this, please don't hesitate to contact us!


πŸ‘¨β€πŸ’» πŸƒAre you an online creative or influencer?

Chequers Financial Services has a specialist Platform advice/service for content suppliers/creators.

Contact Ken Hayward FCA for specialised, confidential accounting and taxation advice. Discretion is assured.

Call him directly on 0408452055 for a private discussion.