December Newsletter Published 08.12.2020

December 2020 Issue Covered

• A STRATEGY OPENS
• THE MECHANISM
• Calling time out on your business? Some essentials you’ll need to know
  – STEP 1: LODGEMENT AND PAYMENT
  – STEP 2: REFUNDS
  – STEP 3: CANCEL PAY-AS-YOU-GO (PAYG) WITHHOLDING REGISTRATIONS
  – STEP 4: CANCEL THE ABN
  – STEP 5: RECORD KEEPING
• Small business CGT concessions: Goal posts moved on vacant land and active assets
• ATO takes aim at ‘you-scratch-my-back’ auditing arrangements
• Claiming interest expenses for rental properties
  – What can you claim?
  – What can’t you claim?
  – Examples
• What is a recipient created tax invoice?

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FOR YOUR BUSINESS / ORGANISATION

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