2020 TAX TIPS FOR INVESTORS

Many Australians invest in property, financial markets and other assets, both here and overseas. In 2016-17, almost 4 million individuals received dividend income of $23.4 billion while 2.1 million reported rental income totalling $44 billion. $20 billion in capital gains were reported by almost 700,000 individuals while more than 900,000
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2020 TAX TIPS FOR SMALL BUSINESS

Tax time is an opportunity to obtain essential business advice from your professional advisor, especially if you’ve been disrupted by the impacts of COVID-19. Small businesses need to ensure their bookkeeping and lodgments are correct and up to date. You should obtain professional tax advice, especially in areas where more
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2020 TAX TIPS FOR EMPLOYEES

Do you know which tax deductions and offsets you might be eligible this financial year? The following tips may help you to legitimately reduce your tax liability in your 2019-20 return. With so much information being pre-filled into your tax return this year, it’s best to wait until all the
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JobKeeper Payment Scheme Fact Sheet – Are you Eligible?

JobKeeper Payment Scheme The purpose of this Fact Sheet is to enable you to make a quick assessment of your eligibility for the Government’s JobKeeper Payment Scheme.  It is not a comprehensive guide as the rules are quite complex.  If, after you have examined the information in this Fact Sheet
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Business Support Fund Assistance for Victorian small businesses impacted by coronavirus (COVID-19).

The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of the coronavirus (COVID-19) pandemic and keep people in work. The Fund is part of the Victorian Government’s $1.7 billion Economic Survival Package. Eligibility criteria and application guidelines are outlined below. Please read them before
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JobKeeper Payment for employers and employees

The JobKeeper Payment will support employers to maintain their connection to their employees. These connections will enable business to reactivate their operations quickly – without having to rehire staff – when the crisis is over. Eligible employers Employers will be eligible for the subsidy if: their business has a turnover
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Supporting Individuals and Small businesses affected by coronavirus

https://treasury.gov.au/coronavirus/businesses Click on link: The Australian Government is supporting Australian businesses to manage cash flow challenges and retain employees. Assistance includes cash flow support to businesses and temporary measures to provide relief for financially distressed businesses. https://treasury.gov.au/coronavirus/households – Click on link: The Australian Government is providing financial assistance to Australians.
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Coronavirus Stimulus Measures

Summary Federal initiatives: Eligible employers with a turnover of up to $50 million that employ workers will be eligible for tax-free payments up to $100,000 Apprentice wages subsidies up to $21,000 per apprentice SME loan guarantee scheme to provide access to unsecured loans for SMEs and relief from responsible lending
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TAX TIPS FOR INVESTORS

Many Australians invest in property, financial markets and other assets, both here and overseas. In 2016-17, almost 4 million individuals received dividend income of $23.4 billion while 2.1 million reported rental income totalling $44 billion. $20 billion in capital gains were reported by almost 700,000 individuals, while more than 900,000
Read More

TAX TIPS FOR SMALL BUSINESS

TAX TIPS FOR SMALL BUSINESS The ATO continues its focus on small business as part of its efforts to close the $10 billion tax gap indicated by the Commissioner earlier this year. The ATO has received additional funding through the Black Economy Taskforce and its enhanced enforcement covers lodgment, employee
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August 2020
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