年终税收考虑- COVID-19影响

COVID-19对许多企业产生了巨大影响. 对一些人来说，生意从未像现在这样好过. 对其他人来说，情况从未如此糟糕过. 不管你站在哪一边, it is important to be reviewing 你r year-end tax strategies and compliance issues in light of COVID-19.

In doing this, I suggest 你 give attention to the following information and timelines:

The amounts 你 have received or been credited 是 not assessable income to 你r business.

JobKeeper付款在收到时是可评估的澳门官方赌场. It is most likely 你 will have received JobKeeper subsidies for April and May by 30 June. 支付给雇员的工资照常可以扣除. 这包括每两周至少1500美元的充值.

2020年3月12日起, 对于整个集团营业额低于5亿美元的企业, 低于150美元的贬值资产的成本,000(不包括商品及服务税减免)将完全扣除. 在本年度可扣除, 折旧资产必须是可用的并且是首次使用的, 或安装准备使用, 到2020年6月30日. The instant asset write-off applies to new or second-hand depreciating assets.

The government has recently announced that the Instant Asset write-off will be extended until 31 December 2020 (previously 30 June 2020).

加速折旧 will apply to new depreciable assets costing $150,000 or more that have been purchased from 12 March 2020 up to 31 December 2020. 整个集团的营业额必须低于5亿美元.

The first 50% of the cost is deductible in the financial year the depreciating asset is first used, 或者先安装好准备使用. The remaining 50% is depreciated as usual (as if it were a stand-alone cost of the asset).

Accelerated depreciation will also apply to new depreciable assets costing $1,000 or more and purchased between 1 January 2021 to 30 June 2021.

Any outstanding debts should be reviewed prior to 30 June 2020 to determine collectability of the outstanding amounts. C是ful consideration should be given to any debtors that may have been impacted by COVID-19 and who 是 struggling to pay their debts. 债务被认为不可收回的, the debt can be considered a bad debt and a tax deduction can be claimed. Documentation should be maintained to evidence that the debt is not recoverable.

The value of trading stock impacts the amount to be included in assessable income. 就税收而言, trading stock can be valued as the lowest value when considering cost, 市场销售价值和重置价值. 估值选项可以逐项应用. 这取决于COVID-19对您业务的影响, there may be the opportunity to utilise the trading stock valuation to maximise 你r tax benefits.

Your plant and equipment should be reviewed to determine if any items 是 obsolete. Any obsolete plant and equipment should be written off and a deduction claimed.

Ensure superannuation guarantee contributions 是 paid by 30 June to be eligible to claim a deduction in the current tax year.

Currently, there is a superannuation guarantee amnesty for unpaid employee superannuation. 如果这与你的业务相关，就好好利用这一点. Any unpaid employee superannuation from 1 July 1992 to 31 March 2018 will be deductible if it is paid by 7 September 2020.

As a result of COVID-19, many people have been 在家办公 for an extended period. 作为对此的回应, the ATO has allowed a simplified method for calculating 你r allowable deduction arising from 在家办公. The ATO will allow 你 to claim a deduction of 80 cents for each hour 你 工作 from home (as long as 你 是 在家办公 to fulfil 你r employment duties) for the period 1 March to 30 June 2020 only.

There 是 two other alternative methods for calculating 你r 在家办公 expenses. These need to be considered in consultation with 你r tax advisor.

COVID-19对我们所有人都产生了影响, and may even be a sign of long-term changes in the way business operates. Already it has changed many aspects of business and business strategies. 这包括税收策略. Strategies used in the past may not be relevant in the current times and we all need to be conscious of this. Just one upside of this current economic state is that – depending on 你r business – there 是 many new opportunities to pursue.

随着我们的经济开始从COVID-19中复苏, 而且离财政年度结束也不远了, 我们强烈建议你和你信任的人谈谈 Accru顾问 讨论您的一般业务和税务策略, 以及你可能得到的机会.