Federal Budget 2020

Key Takeaways for Individuals & Businesses Last night, Treasurer Josh Frydenburg delivered this years long awaited Federal Budget. Typically presented early in the calendar year, the 2020 Budget was pushed back to October due to the Coronavirus Pandemic. There is a lot to unpack following last nights announcement, so we’re going to look at the key takeaways and see what they might mean for individuals and businesses. It’s important to…  Read more

Your End of Financial Year (eofy) Checklist

It’s almost the end of another financial year, a year we can all agree will be one not soon forgotten. All of us at pmwPlus are incredibly proud of the resilience and the mateship shown across the country. We’ve worked together to keep each other safe and have no doubt we will continue to do so as we move forward in this new landscape coronavirus has created. We’ve compiled a…  Read more

What home office expenses am I allowed to claim now I’m working from home?

If you work part of all of your job from home, you may be able to claim a deduction for the costs incurred in running your home office in your next Tax Return. Even if the room is not set aside solely for work-related purposes.  Since the outbreak of Coronavirus in Australia, the Australian Tax Office (ATO), has announced unique rules to make it easier for people to claim deductions…  Read more