Institute of Certified Bookkeepers
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How to process the $6500 WA Tourism Relief Fund Monies

  • Member in Practice
  • Practice Certificate
  • 1 post
  • # 118928

I am seeking clarification on the correct way to process the $6500 WA Tourism Relief Fund Monies. 

At this stage I will be receipting the funds in a similar fashion to the Jobkeeper funds and there appears to be differences in option on how best to receipt the Jobkeeper funds.  TIA

  • Fellow in Practice
  • Practice Certificate
  • 277 posts
  • # 118951

Hi

 

We advise to code to other income and then the Tax Agent can determine the tax deductibility at the EOY

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