Emma Zajac, Author at The Garis Group

Emma Zajac

291 posts

ATO Eyes Side Hustles This Tax Time

June 16, 2021

ATO, Cash, Cash Economy, Side Hustle, Tax Declarations, Tax Time, Tax Time 2021

The ATO is cracking down on the cash and gig economies, and taxpayers must ensure that they are declaring all of their odd jobs and freelance work on their tax return, says one industry body. While gig economy workers often earn their income as independent contractors, the term broadly includes people who earn income from…

Ato Secures Data Matching Program till 2023

Crypto Crackdown Underway with ATO Data-Matching Program

June 15, 2021

Emma Zajac

ATO, Crypto Compliance, Cryptocurrency, Data Matching

Over 600,000 Australians who have invested in cryptocurrency will now be unable to hide from their tax obligations as the ATO extends its data-matching program to 2023. The ATO’s cryptocurrency data-matching program, first launched in April 2019, will now scrutinise cryptocurrency transactions and account information from designated service providers for a further three financial years to…

Leaking roof Insurance payout tax time 2021

Tax Time 2021: Am I Taxed on an Insurance Payout?

June 8, 2021

Emma Zajac

2021 Tax, Insurance Claims, Insurance Payout, rental property, Tax Time

Australia has had its fair share of disasters over the last few years – Drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and is not income assessed for…

Tax Time 2021 Changes Working from Home Expenses

Tax Time 2021: Work From Home Expenses Under Scrutiny

June 8, 2021

Emma Zajac

2021, Claim, Expenses, individual tax return, Tax Return, Tax Time, Tax Time 2021, Working from home

Work from home expenses under scrutiny & the perils of browsing Facebook. If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these expenses as a deduction – but not everything you purchase can be claimed.…

Tax Time: What Changes On 1 July 2021?

June 8, 2021

Emma Zajac

2021, Changes to Tax, Home Expenses, Superannuation, Tax, Tax Time, Tax Time 2021, Working from home

With Tax-Time just around the corner, we take a look at the changes that will come into effect come 1st of July and how they may affect you. Super Guarantee Rate Increase To 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since…

Morrison Announces COVID Disaster Payment

June 7, 2021

Emma Zajac

COVID-19, COVID19, NSW Government, Scott Morrison, Temporary Payment, Temporary Support

The temporary payment will be made on a week-by-week basis to those suffering lost income in Commonwealth-declared hotspots. Prime Minister Scott Morrison on Thursday announced a new temporary COVID disaster payment which will provide financial support for areas defined as COVID-19 national hotspots and are undergoing lockdown for more than seven days. Workers who are…

Acting Victorian Premier James Merlino on Wednesday announced extended support for the state’s small and medium-sized business

Victoria Doubles Business Support Package

June 7, 2021

Emma Zajac

business grants, Grants, Medium Business, medium business support, Small Business, small business supper, Victoria, Victorian Government

Government weighs up federal support as Victoria doubles business support package. The Victorian government will allocate a further $209.3 million to support the state’s small businesses through an extended lockdown as the Morrison government hints at federal support on Thursday. Acting Victorian Premier James Merlino on Wednesday announced extended support for the state’s small and…

NSW Announces $24m Innovation and Research Program

June 2, 2021

Emma Zajac

Gladys Berejiklian, innovation, Medium Business, NSW Government, Program, Research, Small Business, Small Business Owner

The Berejiklian government will offer small and medium-sized businesses up to $24 million in grants over two years to commercialise solutions for the government’s agencies. The NSW government on Tuesday announced its Small Business Innovation Research (SBIR) program, a scheme geared toward encouraging small and medium-sized businesses to solve government initiatives related to five of…

Closed Victorian Business Due to Corona Virus

Victoria Announces $250m Targeted Business Support Package

May 31, 2021

Emma Zajac

Business Support, Coronavirus, COVID-19, COVID19, Support Package, Victoria

While Victoria’s $250 million business support package will offer welcomed reprieve to some businesses facing extreme uncertainty after the state entered its fourth lockdown last week, others think the package is light on detail, and is unlikely to cover the losses suffered. Victorian acting premier James Merlino on Sunday revealed a $250 million targeted business…

ATO Sheds Light On Crypto Compliance Focus

May 25, 2021

Emma Zajac

ATO, Crypto Compliance, Cryptocurrency, tax agent, tax office, Tax Time

The Tax Office has urged advisers and taxpayers alike to heed its guidance on accounting for cryptocurrency come tax time, when it will be looking to ensure that all capital gains events are accurately reported — not just gains. Speaking at a tax-time tips seminar on Thursday, ATO assistant commissioner Adam O’Grady warned tax agents…

ATO Eyes Side Hustles This Tax Time

Crypto Crackdown Underway with ATO Data-Matching Program

Tax Time 2021: Am I Taxed on an Insurance Payout?

Tax Time 2021: Work From Home Expenses Under Scrutiny

Tax Time: What Changes On 1 July 2021?

Morrison Announces COVID Disaster Payment

Victoria Doubles Business Support Package

NSW Announces $24m Innovation and Research Program

Victoria Announces $250m Targeted Business Support Package

ATO Sheds Light On Crypto Compliance Focus

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