JobMaker hiring credit: What you need to know - Tax Accountants Sunny Bank
The JobMaker Hiring Credit scheme was passed into law in mid-November 2020. JobMaker was part of the 2020-21 Federal Budget, and will operate until 6 October 2021. It is designed to improve the prospects of young individuals getting employment, by incentivising employers to hire them, following the devastating impact of COVID-19 on the labour market.
Claiming interest expenses for rental properties - Tax Accountants Ringwood
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing assessable income.
Small business CGT concessions: Goal posts moved on vacant land and active assets - Tax Accountants Richmond
Businesses wanting to claim CGT concessions for active assets may find hope in a recent Full Federal Court decision on a long-contested vacant land case.
Calling time out on your business? Some essentials you’ll need to know - Tax Accountants Parramatta
When you first went into business, either buying an established enterprise or starting from scratch, probably the last thing on your mind was the day you would close the door for the last time.
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A run-down of the new loss carry back measure - Tax Accountants Osborne Park
The last Federal Budget carried with it a number of tax changes that were designed to assist the Australian economy recover from the impact of the COVID-19 pandemic.
JobKeeper extension’s alternative turnover tests - Tax Accountants Orange
The extension of the JobKeeper scheme is now based on current GST turnover, not projected turnover. The basic test compares year-on-year turnover. If there were events or circumstances outside the usual business settings that resulted in your relevant comparison period in 2019 (September or December 2019 quarter) not being appropriate, then an alternative test may apply.
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