If your tax strategy starts and finishes with a shoebox full of receipts in June, you’re probably leaving money on the table. The 2026–27 financial year is already underway, which means now is the time to start thinking about your
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Instant asset write off concession extended
The instant asset write off concession was increased from $30,000 to $150,000 effective from 12 March 2020 and was one of the measures that the government announced to stimulate the economy during the COVID-19 pandemic. This concession was due to
Read moreJobkeeper payments
The Jobkeeper wage subsidy was announced on 30 March 2020 and the Coronavirus Economic Response Package (Payments and Benefits) Bill 2020 was passed and received Royal Assent on 9 April 2020. The Jobkeeper scheme broadly provides as follows: The scheme
Read moreCash Flow Boost
The outbreak of the Corona virus has caused significant disruptions globally and the government has unleashed a number of economic packages to support businesses in managing their short to medium term cash flow challenges. The first package was announced on
Read moreWhen is a contractor not a contractor?
With fines of up to $63,000 per breach, mistaking an employee as a contractor can potentially kill your business. There is no doubt that contract work is increasing in Australia. According to the 2017 Hays Salary Guide, 23 % of
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