Latest Precision News
Geeked out with our latest newsWorking from Home โ Adapting to a New Normal
Working from Home (WFH) is not new to me. I have been working from home on and off for the last five years. However, over the previous two years, this has been more regular. Currently, about 40% of my hours are worked at home. Some people love it and wish it was their...
Natural disaster and tax records
The ATO says it can help if you have lost tax records due to a natural disaster such as a bushfire. It says it can achieve this by providing on-site visits to help you reconstruct lost or destroyed tax records and/or assistance to work out reasonable estimates if you...
PAYG Withholding – Don’t lose a deduction
If you are running a business, you can no longer claim deductions for payments to employees/workers if you have not met your Pay As You Go PAYG Withholding obligations. What is PAYG Withholding? As an employer, you have a role to play in helping your payees meet their...