NEWS & INSIGHTS
December 2020 Tax Round Up
From Government Extension of the Instant Asset Write-Off Rules The Government has announced some changes will be made to the provisions allowing for the immediate expensing of depreciating assets that were introduced as part of the recent Federal Budget. First, the...
Chris Lyons Joins Shakespeare Partners
The Directors of Shakespeare Partners are pleased to announce the appointment of Chris Lyons as an Associate at the firm. With Chris’ vast experience in assisting clients to achieve great financial outcomes, we know that he will be a great addition to the team.
Refunds for Tax Losses
If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.
JobMaker Hiring Credit
We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. We explore the details so far.
Tax deductions for investing in your business
Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use.
JobKeeper: The Next Steps
The first tranche of JobKeeper ended on 27 September 2020. We look at the issues for those seeking to qualify for the second tranche of JobKeeper and for those no longer eligible.
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