As we navigate through the early weeks of 2024, it’s crucial for both employers and employees in Australia to be aware of the upcoming Superannuation Guarantee (SG) due date. The Super Guarantee (SG) is a mandatory contribution made by employers to their...
The Australian Taxation Office (ATO) has announced changes to the fixed rate method for claiming working from home deductions, effective from 1 July 2022. Assistant Commissioner Tim Loh highlighted that taxpayers can use either the “actual cost” or...
Here at Ace Business we are continually refining our processes to improve our efficiencies and to also better meet our clients needs. We are making some minor adjustments to our process for sending Outcome of assessments after the ATO has processed them. We will send...
Business Owners Just a friendly reminder. If you would like to claim superannuation payments in the current financial year for the june quarter, you will need to finalise payments today so that they are processed. This will allow enough time for the super funds to...
It’s important to remember that you need to have your 2021 income tax return lodged before June 30 if you are the recipient of Family Tax Benefit (FTB) and/or Child Care Subsidy (CCS). Even if you have a deferral to lodge given by the ATO, this will not prevent...
