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Tax dates for your diary till 31 December 2022

Reckon

Beyond 30 June, there are still a lot of business tax ATO deadlines to be aware of in 2022—they run through the festive season, right up until the end of the calendar year. 25 June : (If lodging electronically) tax agents must lodge and pay their 2022 Fringe Benefits Annual Tax Return. August 2022. September 2022.

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The Ultimate Guide to Bookkeeping for Home Service Contractors

Steve Feinberg

Importance of Bookkeeping for Home Service Contractors Bookkeeping for small construction businesses and home service contractors is crucial for many reasons. Accurate bookkeeping also ensures that you are compliant with tax regulations. Let’s look at some of the best tips and advice for bookkeeping for home service contractors.

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2022 Federal Budget Highlights

DMCL

Introduction of a Multigenerational Home Renovation Tax Credit. Budget 2022 introduces the Multigenerational Home Renovation Tax Credit which will allow families to claim a 15% tax credit up to $50,000 in renovation and construction costs. Effective for sales on or after January 1, 2023. Addressing climate change.

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What's new in July for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. State sales tax holidays fail to live up to the hype. in favor of conveniently popular yet ultimately ineffective sales tax holidays.”. Several states tinkered with their sales tax exemptions this summer.

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Tax Credits You May Claim Now

MyIRSRelief

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC). This is also known as the R&D Tax Credit.

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Restaurant Revitalization Fund – Details

KROST

Business Tax Identification Number. For purposes of calculating funding amount, “in operation” means the day the entity started making sales. For example: if the Applicant formed the LLC on August 15, 2015 but didn’t make the first sale to a customer until January 1, 2016, the Applicant’s in operation date is January 1, 2016.