Posts tagged "tax time 2020"

So far, the ATO has processed refunds for more than 1.7 million taxpayers in the busiest start to a financial year in history. But warns of tax time errors.

The ATO lodgement website crashed on Wednesday as thousands of Aussies flooded in to process their tax returns and early access superannuation claims.

The ATO has dispelled common tax time myths and explained how to avoid having your tax return slowed down by bad paperwork.

An SME tax cut will come into effect from July 1 after the Morrison government fast-tracked measures to ease the burden on businesses.

Landlords will be able to claim rent expense deductions on properties that have sat vacant during COVID-19, the ATO has confirmed.

The ATO says businesses whose tax records were destroyed in bushfires will be able to claim expense deductions without evidence, in some cases.

With the end of the financial year looming, sole traders are being reminded to declare JobKeeper and JobSeeker payments to avoid nasty bills down the track.

With many Australians working from home during the coronavirus pandemic, tax time will be a different affair this year. Here’s what you need to know about claiming tax deductions for your expenses while working from home.