08 9321 2111 info@shakes.com.au
Tax deductions for investing in your business

Tax deductions for investing in your business

Nov 18, 2020

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...
Budget 2020-21: Road to Recovery?

Budget 2020-21: Road to Recovery?

Nov 18, 2020

The 2020-21 Federal Budget is a road to recovery paved with cash. Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion ‘JobMaker’ Hiring Credit to encourage businesses to take on additional employees aged 16 to 35 years old $110...
Tax on Business Grants

Tax on Business Grants

Sep 9, 2020

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...
April ATO deadlines

April ATO deadlines

Mar 13, 2019

13 March 2019 BAS and super and PAYG – oh my! It’s all happening as we round out quarter 3 of the 2018-2019 financial year – make sure you note the ATO deadlines. Make sure you’ve got all your ATO ducks in a row to maintain a year of smooth...
ATO extends data matching share trades program

ATO extends data matching share trades program

Jan 14, 2019

14 January 2019 The Australian Tax Office (ATO) is utilising data provided by the Australian Investments and Security Commission (ASIC) to data match share trades. The ATO is accessing more than 500 million records detailing price, quantity and time of individual...