A win for small business for the last few years is taking advantage of this generous concession. The Carry Back Loss Offset allows your business to receive tax refunds for prior years in certain situations. If the business had tax profits and paid in...
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Small businesses with turnovers under $50M are entitled to an extra 20% tax deduction on investments in training spending – Any expenses for external training courses delivered to employees by registered training provider are eligible, if spent fro...
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Small businesses with turnovers under $50M are entitled to an extra 20% tax deduction on investments in technology spending - Any expenses to support digital operations and digitising operations, digital media and marketing and cyber security are eli...
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The Government has now passed the JobKeeper Extension 2.0 on Tuesday the 1/9/2020 to cover the 6 month period from 28 Sept 2020 to 28 March 2021. The eligibility rules and rates have changed, so each and every business should re-test both their e...
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The NSW State Government has announced a grant of up to $10,000 for eligible small businesses highly impacted by the COVID-19 social distancing restrictions issued on 30 March 2020. The grant is for “unavoidable business expenses” such as utili...
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Tax Free credits will be made by the ATO ranging from a minimum of $20,000 up to a cap of $100,000 for small businesses with an annual turnover of under $50M. The ATO will be notifying businesses as from the March 2020 quarterly BAS or March mont...
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Businesses significantly affected by the COVID-19 pandemic can access a wage subsidy scheme from the Federal Government to continue paying their employees with the aim of keeping people in their jobs until the crisis has ended. It's the new JobKe...
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From 12th March 2020 the Federal Government's Economic Stimulus Package has increased the immediate write off of eligible assets from $30,000 to $150,000 (new or used) purchased by 31 December 2020 by businesses with a annual turnover of under $5...
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The NSW State Government Premier, Gladys Berejikian, announced in March 2020 that the NSW State Government will assist eligible employers through the tough economic slow down caused by COVID-19 pandemic. One of the measures offered to business is...
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If you receive an email or phone call from someone suggesting they are from the ATO, please check their credentials first. The latest round of tax scams involve impersonators demanding cryptocurrency (such as Bitcoin and Altcoins) as a form of ta...
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