Author: Roy A McDonald

The Tax Office has begun bracing for a substantially different tax time this year, noting that it will likely see a flow-on effect from COVID-19 restrictions on work-related expenses claims.…

Small businesses located within the 36 Melbourne suburbs that will soon re-enter Stage 3 coronavirus restrictions will be eligible for one-off grants of $5000 from the state government, with applications…

1. In order to claim a deduction for a personal contribution, a member must give their notice (or variation) by the following dates, whichever occurs first: a. the day they…

Monthly declaration Jobkeeper You will have to provide a monthly declaration to the ATO – this can be done from the 1st to the 14th day of each month, to…

Did you know that while almost half of all retirees agree that hiring a financial advisor could make a huge difference when it comes to planning their retirement, only 24%…

The outbreak of the coronavirus (Covid-19) has many far reaching consequences for people’s health and the economy. The response from both federal and state governments to contain the outbreak has…

With all the financial upheaval relating to the coronavirus right now, it’s not hard to see why the share market has gone into meltdown. As those in charge are considering…

The summary of Business Announcements is as follows: FEDERAL GOVERNMENT INITIATIVES: Small & Medium Sized businesses with turnover less than $50m will receive a tax free credit to their ATO…

On 22nd April 2020 Roy A McDonald & Lindale Insurances in conjunction with Manningham Council ran an informative webinar for businesses and households struggling with the impact of the Covid-19…

If you want to rent out your home, or even a part of it, the rent you charge will be considered as assessable income for your tax return. This means…