COVID-19 has changed a few things at tax time this year, so it is important to make sure you have everything covered when it comes to completing your return.
For sole traders who accessed the JobKeeper program, there are still tax responsibilities as JobKeeper payments are assessable income. To avoid problems with tax debts, the payments must be noted in this year’s tax return.
Please call our office in the next few weeks to speak to an adviser if you have any questions about tax issues or any other COVID-19 support enquiries.