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Tax on Business Grants

Tax on Business Grants

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...
PM announces $130 billion “Job Keeper” package

PM announces $130 billion “Job Keeper” package

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...