Taxation

February 2021: JobMaker Hiring Credit, ATO Tax Valuations, Tax and Natural Disasters

One of the economy-boosting measures initiated to help in a post-COVID recovery is the JobMaker scheme. We run over what you need to know. And especially for this time of year, we look at tax and dealing with natural disasters. Getting a valuation is sometimes required when managing tax affairs, so we cover the basics in case you need to …

February 2021: JobMaker Hiring Credit, ATO Tax Valuations, Tax and Natural Disasters Read More »

December 2020: New loss carry back measures, calling time, when vacant land is an active asset and more

Find Out More The loss carry-back measure introduced in the 2020 Federal Budget can be a very helpful COVID-recovery option. We run over the details. But if the COVID wash-up means you need to call time-out on your business, there are some important facts to know here as well.  We also look at interest deductions available for rental …

December 2020: New loss carry back measures, calling time, when vacant land is an active asset and more Read More »

November 2020: Fully expensing write-off deductions, Tax and Super Audits, Cyber Security and more

Find Out More Introduced with the Federal Budget, the “full expensing” 100% write-off of eligible business assets is a welcome measure that many business owners may want to take advantage of. Also, with the extension to the JobKeeper scheme, a set of alternative decline in turnover tests are now available, should a business not fit …

November 2020: Fully expensing write-off deductions, Tax and Super Audits, Cyber Security and more Read More »

October 2020: New JobKeeper Rules, Conditions & Rates

Find Out More The JobKeeper scheme has been extended, and there are some important changes that participants will need to know. In good news, the treatment of JobKeeper income has been clarified.  We also look at two further data matching programs that have been launched, smooth concerns some may have had over the easing of …

October 2020: New JobKeeper Rules, Conditions & Rates Read More »

October 2020: Federal Budget

Find Out More We all understand that budgets are an exercise in predicting the future. Given what has happened in 2020, gazing into the crystal ball and extracting something reliable is fraught with difficulty. Extensions to the tax rate thresholds will give millions of taxpayers on lower incomes a much-needed boost after a very challenging year. The temporary full …

October 2020: Federal Budget Read More »

September 2020: COVID-19 Payments and some issues for companies and trusts

Find Out More Payments such as JobKeeper and the cash flow boost are measures welcomed by many, however they can also bring with them some unique taxation issues. We run over what to look for. Also tackled are claiming tax losses, where vehicles stand in relation to the boosted instant asset write off, the question …

September 2020: COVID-19 Payments and some issues for companies and trusts Read More »

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