NEWS & INSIGHTS
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.
Budget 2020-21: Road to Recovery?
By comparison to many, Australia has managed the COVID-19 pandemic well, but good management isn’t enough to protect us from the $213.7 billion deficit in 2020-21.
JobKeeper Payment Audits and Reviews
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?
Tax on Business Grants
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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