This is a short and sweet summary of how tax would work in relation to a government business grants. Income Tax Grants are likely to be taxable unless they are specifically excluded from tax. If the grant relates to your continuing business activities, then it is...
Now more than ever, business operators should have a plan in place to manage during uncertain times in the pandemic. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent. So, how do...
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...
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...
The Australian Government has announced an economic response totalling $17.6 billion across the forward estimates to protect the economy by maintaining confidence, supporting investment and keeping people in jobs. Additional household income and business support will...
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...
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