Lovell & Morrison

23/06/2024

Mark this important date in your calendar 👇

23/06/2024

Been ignoring your super?

09/02/2024

16/11/2022

Over 1.3 million directors now have a Director ID! Are you one of them? 🙋‍♀️ If not, you’ve got until 30 November to join their ranks. All you need to do is:

1️⃣ Set up myGovID (if you haven’t done so already)
2️⃣ Gather your documents
3️⃣ Complete your application.

Don’t leave it to the last minute – apply now: www.abrs.gov.au/director-identification-number?fbclid=IwAR33NADpSBOj08Au-lLI-vqSj_CO58NT7dymPpYZrkW3Ed4vEq3-jCWDFO4

20/07/2022

Planning on claiming work-related expenses this tax time? ✔️

David is up-to-speed on which vehicle costs he can claim, but isn’t sure what other expenses he could be deducting 🤔

While scrolling through our website, he came across our range of tailored, industry-specific occupation guides!

From office workers to personal trainers, there is a range of work-related deductions he could be claiming based on his two jobs!

To find yours, go to www.ato.gov.au/Individuals/Income-and-deductions/Occupation-and-industry-specific-guides/

12/07/2022

Moving between his 9-5 office job and his PT side-hustle means that David spends a lot of time in his car! 🚗

A friend at work has let him know he can claim his travel when driving directly from one job to another. David decides to download the ATO app, so he can start keeping records of his work-related travel and be prepared at tax time.

You can find out more about travel and transport expenses at www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Transport-and-travel-expenses/

08/07/2022

There is new items that can be claimed this year.

08/07/2022

Wondering which income you should be including in your tax return this year? 🤔💭

Make sure you report your:
✔️ income from any investments or jobs, including the sharing economy
✔️ taxable government payments, like the Pandemic Leave Disaster Payment
✔️ vaccination bonus incentives
✔️ bank interest.

You don’t need to include:
❌ non-taxable government payments, like the COVID-19 Disaster Payment
❌ insurance payouts for damaged or destroyed personal items.

For more info, visit www.ato.gov.au/Individuals/Your-tax-return/In-detail/Tax-essentials/?anchor=Readytolodge

05/07/2022

Employers: It’s time to finalise your employees’ Single Touch Payroll data! ⏰

Make sure you’ve finalised by 14 July. Find out more at www.ato.gov.au/Business/Single-Touch-Payroll/Start-reporting/End-of-year-finalisation-through-STP/