Tax time tips for side hustlers this EOFY
Tax time tips for side hustlers this EOFY

With the way we work constantly changing due to COVID-19, some enterprising people have used the extra time to make money through the sharing economy or by establishing a side hustle. If that’s you, then doing your tax return may be a little different this year.

We teamed up with bookkeeper Jo Doye from Alluvia Financial who shares her top tips to make tax time that little bit easier. Jo had always had a passion for good food, good booze and supporting small businesses. So she decided to start a side hustle along with her day-to-day job. She teamed up with a group of like-minded locals and started Bendigo Beer.

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Jo Doyeeofy, xero, sidehustleComment
EOFY 2020 due dates
EOFY 2020 due dates

We have reached that time of year again, and the End of Financial Year is upon us. It is important that key dates for lodgements are met and that all financial reporting commitments are ready for you to proceed headfirst into the 2020/2021 year.

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Jo DoyeAlluvia FinancialComment
JOBKEEPER - NEXT STEPS
JOBKEEPER - NEXT STEPS

Over the weekend the Australian Taxation Office (ATO) and Treasury released further information on the JobKeeper Scheme and how to enrol. Please review the step by step instructions below to register and enrol for the JobKeeper payments. Please contact us if you require help in any of these steps.

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Jo DoyeComment
JOBKEEPER FAQs
JOBKEEPER FAQs

he legislation has passed through Parliament however what is yet to be fully defined is the concept of what it means for an employer to ‘qualify for the JobKeeper scheme’.

Details of eligibility for particular payments as well as the amount of payments and the time when they are to be paid are to be set out in rules to be released by the Treasurer, which we expect to see next week. We will update you as soon as there is clarification on these matters from the Treasurer.

For now, we recommend a pause on any additional payments to employees until we have further clarity next week. 

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Jo DoyeComment