February 2021 - Page 2 of 2

Meet The Staff – Vanessa Cook

25 February, 2021 by Harris Black

Vanessa started with Harris Black in 2009 as an Administration Assistant. She has since progressed to become the Practice Accountant in 2014 and has completed a Bachelor of Commerce.

Some interesting facts about Vanessa – born and raised in Brisbane, Vanessa used to speak some German and if she could live anywhere, she would live in London. Vanessa’s proudest accomplishment is her children, a skill she would like to master is tennis, and if she could eat anything for the rest of her life, she would eat chocolate.

An excerpt of the interview with Vanessa is below.

Loss Carry Back — For 2020–21 and 2021–22 Income Years

25 February, 2021 by Harris Black

Corporate tax entities with an aggregated turnover of less than $5 billion can carry back a tax loss for the 2019–20, 2020–21 and 2021–22 income years and apply it against tax paid in a previous income year as far back as the 2018–19 income year.

The loss carry back tax offset is claimable only in the 2020–21 and 2021–22 income tax returns.

Important Tax Dates

25 February, 2021 by Harris Black

21 March 2021
– Lodge and pay February 2021 monthly business activity statement.

31 March 2021
– Lodge tax return for companies and super funds with total income of
more than $2 million in the latest year lodged, unless the return was due
earlier.
– Lodge tax return for the head company of a consolidated group.
– Lodge tax return for individuals and trusts whose latest return resulted in
tax liability of $20,00 or more.

21 April 2021
– Lodge and pay Quarter 3, 2020-201 PAYG Instalment Activity Statement for
head companies of consolidated group.
– Lodge and pay March 2021 monthly business activity statement.

Harris Black

Month: February 2021

Meet The Staff – Vanessa Cook

Loss Carry Back — For 2020–21 and 2021–22 Income Years

Important Tax Dates

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