Work from home deduction
FY 2023 onwards, a taxpayer can claim work from home (WFH) deduction under either of:1. Fixed rate method of $0.67 per hour2. Actual cost methodRecord keeping under Fixed Rate method1. From 1 st March 2023 onwards, ATO won’t accept estimates, or a four-week representative diary or similar documents. Rather, record (for example, timesheets, rosters, logs of time […]
Work from home
At Fin-Pro, our mission is to provide Australian individuals and businesses with the crucial guidance and support they need to achieve their desired business and personal goals through tax optimization from proper tax planning, business strategy and business structuring/re-structuring. From 1st March 2023 onwards, ATO won’t accept estimates, or a four-week representative diary or similar documents. Rather, record (for […]
Director Penalty Notice (DPN)
DPN is a notice issued by ATO to a director (or former director), that they may bepersonally liable for the company’s outstanding:1. PayG withholding liability2. GST liability3. Superannuation Guarantee Charge liabilitiy(However, DPN doesn’t cover the liability towards income tax of the company)DPN is issued mainly if a company failed, neglected, or refused to pay and/or report […]
Book keeping Solutions
Fin-Pro, based in Australia, offers comprehensive bookkeeping solutionsand administrative services through its team of experienced accountants and taxadvisors. Our team of experts understand the unique challenges faced by businessin Australia and are dedicated to providing customized solutions to meet their specificneeds. Our bookkeeping solutions are designed to help small and medium businesses to freeup their […]
