Assistance is available for individuals affected by the fires if you can show you lost income or have been adversely affected as a direct result of the bushfires in New South Wales in August 2019 through to January 2020.
There are now four categories of assistance:
If you get Disaster Recovery Allowance you might be able to access Beneficiary Tax Offset. This reduces the amount of tax you may have to pay. You’ll need to contact the Australian Taxation Office to find out more about this.
If you get ex-gratia Disaster Recovery Allowance you might be able to access Beneficiary Tax Offset. This reduces the amount of tax you may have to pay. You’ll need to contact the Australian Taxation Office to find out more about this.
You can follow the hyper link to find out more information follow https://www.humanservices.gov.au/individuals/subjects/nsw-bushfires-september-2019.
Date: 20th January 2020
Source: Department of Human Services
If you would like to receive weekly tax tips like Coffs Coast Consulting’s Facebook Busines Page.
Personalised Approach
We listen, understand, and provide practical solutions.
Trust and Confidentiality
Your business matters are handled with the utmost professionalism.
No Hefty Fees
Quality service that’s accessible to everyone.
Ready to simplify your finances? Fill out our enquiry form, and one of our professionals will get back to you promptly.
Call Us Today: (02) 85288608