Welcome to HG Khouri & Associates

H G Khouri & Associates was originally founded on forward thinking, innovation and excellence which are qualities our team continues to embrace and practice.

Today H G Khouri & Associates continues to offer a range of talented professionals encompassing technical and industry backgrounds and our focus is on delivering strategic advice, innovative solutions and excellent service to our clients.

News

COVID-19 and FBT: updated ATO advice

The ATO has updated its COVID-19 and fringe benefits tax (FBT) advice, providing a useful outline of some issues that may arise due to an employer’s response to COVID-19.

TIP: Although the following summary deals with FBT specifically, it is worth thinking through the related income tax consequences. Contact us to find out more.

Working from home devices

Items provided to employees to allow them to work from home (or otherwise offsite) due to COVID-19 will usually be exempt from FBT if they are primarily used by employees for work.

Click here to read more in our latest Client Alert newsletter.

Christmas Trading HoursChristmas Tree

HG Khouri & Associates will close on Wednesday 23rd December 2020 at 3pm and reopen on Monday 11th January 2021.

Office hours - our regular office hours are
Mon - Thu 8.30am - 5:00pm; Fri 8.30am - 4:00pm

Working from Home during COVID-19

Due to COVID-19 your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a deduction for at tax time.

Tracking these expenses can be challenging, so the ATO have introduced a temporary shortcut method. It's a simple way to calculate these expenses with minimal record keeping requirements. The shortcut method initially applied from 1 March 2020 to 30 June 2020, however it can now be applied up until 30 September 2020.

This means, you will be able to use the shortcut method to calculate your working at home expenses for the period from:

1 March 2020 to 30 June 2020 in the 2019–20 income year, and
1 July 2020 to 30 September 2020 in the 2020–21 income year.

More information is available at the ATOs website or by contacting our office.

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