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Instant asset write off concession extended

Admin Business, Tax June 9, 2020June 9, 2020immediate tax deduction, instant asset write off, instant asset write off 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

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Jobkeeper payments

Admin Accounting, Business April 19, 2020April 19, 2020coronavirus, covid-19, government stimulus, jobkeeper payments
Jobkeeper 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

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Cash Flow Boost

Admin Business, Tax April 19, 2020April 19, 2020cash flow boost, coronavirus, covid-19, stimulus plan
Cash 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

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When is a contractor not a contractor?

Admin Business July 18, 2018August 7, 2018contractors versus employees
Tradies Accountant West Perth

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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  • Free tax learning support for small businesses
  • Instant asset write off concession extended
  • Jobkeeper payments
  • Cash Flow Boost
  • 2019/20 Federal Budget
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