Kath, Author at Shakespeare Financial Services

JobKeeper Payment Audits and Reviews

Kath — Thu, 24 Sep 2020 09:01:36 +0000

Tax shortcuts for working from home deductions, JobKeeper payments, and more. The Australian government is doing a good job of supporting the country through this unprecedented time of crisis but how will these actions affect audit activity for the rest of 2020?

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Tax on Business Grants

Kath — Wed, 09 Sep 2020 09:59:31 +0000

This is a short and sweet summary of how tax would work in relation to government grants. Everyone who has received government grants, for COVID-19 or otherwise, should consult their tax agent directly for individual advice.

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Business Forecasting During a Pandemic

Kath — Wed, 09 Sep 2020 09:41:02 +0000

Now more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent.

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Has COVID-19 Devalued your Business?

Kath — Wed, 09 Sep 2020 09:23:03 +0000

If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. To what degree does the pandemic impact on value? Should you discount or hold firm to pre COVID-19 performance on the basis that ‘we’re going to come out of it eventually’?

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PM announces $130 billion “Job Keeper” package

Kath — Mon, 30 Mar 2020 09:39:19 +0000

The “job Keeper” payment will be a flat $1500 payment each fortnight to keep Australians connected to their employers, and treats all Australians in work equally, Prime Minister Scott Morrison said. The aim of the package is to enable businesses to keep their workers on their payrolls through the coronavirus pandemic, and is applicable to full and part time […]

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Employees vs Contractors

Kath — Mon, 17 Feb 2020 08:52:36 +0000

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Avoid Car Expense Claim Rejections

Kath — Mon, 17 Feb 2020 03:01:00 +0000

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CGT and the Family Home

Kath — Mon, 10 Feb 2020 06:14:31 +0000

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ATO targeting ‘lifestyle assets’

Kath — Tue, 04 Feb 2020 06:48:20 +0000

4 February 2020 The ATO will be asking insurance companies for policy information of taxpayers who own luxury assets. The requested information will be used to help the ATO identify taxpayers who may not be fulfilling their tax and reporting obligations. Targeted assets include: boats, thoroughbred horses, fine art, expensive cars and aircraft. Over 30 […]

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Significant changes to small business concessions flagged

Kath — Mon, 03 Feb 2020 07:10:18 +0000

3 February 2020 The Government has released the Board of Taxation’s report into the concessions that are available to small business. The report contains a number of recommendations aimed at improving the tax landscape for small business taxpayers. The major recommendation by the Board is the simplification of the definition of ‘small business entity’ so […]

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