If you haven’t read my first post on tax – how it works, why you got a refund, why you should pay your bill, plus FAQs, check it out here.
If you’re a sole trader (self-employed) or business with 30% or more decline in revenue due to COVID-19, you may be eligible for a COVID-19 wage subsidy. Here’s more info on financial support during COVID-19.
It’s nearly the end of the financial year! You know what that means – EOFY sales (yay!) and tax refunds – or bills.
Tonight, I worked out if I was getting a tax refund or a tax bill. In case you were curious, I thought I would share how I did it and how you can too – so that perhaps, you can either have a tax refund to look forward to, or prepare early in advance for a tax bill you’ll now be able to effortlessly pay off!