Yep, it's nearly that time of year again! Tax Time...
With so many changes at the moment due to COVID-19 like JobKeeper etc, we thought we'd share this handy Tradie Resource Kit from the ATO with you.
The Tax Time 2020 campaign is a great starting point to help you know how to prepare and lodge your tax returns and claim any relevant deductions. We still highly recommend that you talk to a tax professional who can guide you through this turbulent tax time to ensure you lodge correctly and claim everything you are entitled to.
If you don't already have a bookkeeper or accountant to help, let us know and we'll connect you with one of our trusted partners.
Inside the toolkit are five posters for the building and construction sector outlining what apprentices, construction workers, engineers, office workers and tradies can claim at tax time. Plus it covers car expenses, gifts and donations and other handy tips about what you can and can't claim.
For more information on about ATO measures and tailored support for businesses experiencing financial difficulty during COVID-19, head to www.ato.gov.au/coronavirus or call 1800 255 192