Electronic execution of documents during COVID-19 - Tax Accountants Hobart
The COVID-19 pandemic has prompted state and territory governments to temporarily ease the manner in which documents are executed.
Read moreJobKeeper rules, conditions and payment rates have changed - Tax Accountants Gosnells
Legislation has been put in place to extend the JobKeeper scheme beyond its original sunset date, although the rates of payment and certain other details have been altered. The scheme is now to run until March next year, with one version lasting until 3 January and another version in place from then until 28 March.
Read moreCOVID-19 and SMSF rental relief - Tax Accountants Glen Waverley
The Federal Government announced a six-month moratorium on evictions of commercial and residential tenants during the COVID-19 health pandemic. This moratorium (and its accompanying code of conduct leasing principles) will inevitably affect SMSFs, which are reasonably heavily invested in real property, according to statistics.
Read moreCOVID-19 and trust liquidity issues - Tax Accountants Geelong West
The ATO has highlighted the fact that due to COVID-19, a trustee may experience liquidity issues that may affect a trust’s ability to satisfy a beneficiary's entitlement. This may happen where financial institutions impose restrictions that affect the way a trustee can deal with its assets.
Read moreWhere you stand with vehicles and the boosted instant asset write off - Tax Accoutants Geelong
The extension of the instant asset write-off from $30,000 to $150,000 until 31 December 2020, as part of the Federal Government’s COVID-19 stimulus measures, provides an opportunity to look at its application to motor vehicles.
COVID-19 payments and some issues for companies and trusts - Tax Accoutants Fountain Gate
With many having received cash flow boost and JobKeeper payments, there can arise some unique issues where these amounts are received within a trust or company.
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