It’s a New Year and a new decade. While some people are rejoicing after receiving much needed rain, there are many still battling drought. Furthermore, some people are trying to regroup following the terrible bushfires that have swept through homes and businesses.
If you find that you need help navigating what to do; we are here for you.
The Australian Tax Office (ATO) recognises that many Aussies are facing hard times during the bushfires and have released a list of postcodes eligible for automatic deferrals.
What does that mean you ask?
If you are due to lodge Income Tax Returns, Activity Statements, Self-Managed Superannuation Funds and Fringe Benefit Tax Returns, the ATO has deferred, or extended the time for you to submit until 28 May 2020 (Please note though that superannuation obligations have not been deferred, and any super payments made to employees need to be paid on time).
To find out if you qualify for this deferral, see the list of eligible postcodes here. The ATO are obviously there to help with tracking down tax file numbers and important details/ paperwork that may have been lost in fires.
You might also like to have a look on the following websites to see if you are eligible for other forms of assistance:
- Australian Government Disaster Assist website: Information on one-off disaster recovery payments and short-term income support disaster recovery allowances.
- The Funding Centre – A thorough outline of relief packages, rebates, allowances and loans for individuals and business
If you’ve read this and feel like you might be eligible but don’t have the time or the energy to start the process yourself, give us a call on 49 300 600 or email accountants@hhhpartners.com.au to book an appointment.