COVID-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.
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Where 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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The JobKeeper scheme gets an update, plus an extension - Tax Accountants Chatswood
The JobKeeper payment, which was originally due to end after 27 September, will now continue to be available to eligible businesses (including the self-employed) until 28 March 2021. However there are some changes to consider.
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COVID-19 SMALL BUSINESS UPDATE
We hope that you are dealing with things as best you can during these testing times.
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Remote AGMs and document signing allowed - Tax Accountants Carrum Downs
Companies should note that the government made a determination just before the end of the financial year that permits companies to hold annual general meetings by electronic format. Also, companies may execute a document, without using a common seal, by electronic communication. The determination is to be repealed on 6 November 2020.
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