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8 12, 2020

December Newsletter Published 08.12.2020

2020-12-08T14:25:28+11:00

December Newsletter Published 08.12.2020

Our December Newsletter was sent out today – Did you receive yours?

December 2020 Issue Covered

  • A STRATEGY OPENS
  • THE MECHANISM
  • Calling time out on your business? Some essentials you’ll need to know
    – STEP 1: LODGEMENT AND PAYMENT
    – STEP 2: REFUNDS
    – STEP 3: CANCEL PAY-AS-YOU-GO (PAYG) WITHHOLDING REGISTRATIONS
    – STEP 4: CANCEL THE ABN
    – STEP 5: RECORD KEEPING
  • Small business CGT concessions: Goal posts moved on vacant land and active […]
December Newsletter Published 08.12.20202020-12-08T14:25:28+11:00
11 11, 2020

November Newsletter Published 11.11.2020

2020-11-05T15:29:13+11:00

November Newsletter Published 11.11.2020

Our November Newsletter was sent out today – Did you receive yours?

November 2020 Issue Covered

  • What the “full expensing” write-off deduction means for business
    – Some existing conditions remain
    – Meeting the required conditions
    – Anti-avoidance provision
  • Both tax and SMSF audits on still on ATO’s radar, but some leniency given
    – No penalties for asset valuations if insufficient evidence
    – Other considerations
  • ATO’s cyber safety checklist
  • The investment option that can hide […]
November Newsletter Published 11.11.20202020-11-05T15:29:13+11:00
7 10, 2020

Federal Budget 2020 – 2021

2020-10-07T17:07:41+11:00

Federal Budget 2020 – 2021

Our Federal Budget 2020 – 2021 Newsletter was sent out today – Did you receive yours?

Federal Budget 2020 – 2021 Issue Covered

  • BUSINESS
    – FBT exemption to support retraining and reskilling
    – Reducing the FBT compliance burden of record keeping
    – Individual tax rates for residents
    – Increase to small business entity turnover threshold
  • R&D TAX INCENTIVE
    – SMEs: ATO confirms JobKeeper payments do not contribute to aggregated turnover
  • TEMPORARY “FULL EXPENSING” […]
Federal Budget 2020 – 20212020-10-07T17:07:41+11:00
1 10, 2020

October Newsletter Published 01.10.2020

2020-10-01T17:08:13+10:00

October Newsletter Published 01.10.2020

Our October Newsletter was sent out today – Did you receive yours?

October 2020 Issue Covered

  • JobKeeper rules, conditions and payment rates have changed
    – JobKeeper is a two-tiered payment arrangement
  • New data matching programs initiated by the Federal Government
    – SMEs: ATO confirms JobKeeper payments do not contribute to aggregated turnover
  • Fears of Div 7A danger from COVID-relaxed loan repayments unfounded
  • Electronic execution of documents during COVID-19
    – CONTRACTS
    – DEEDS, STATUTORY […]
October Newsletter Published 01.10.20202020-10-01T17:08:13+10:00
1 09, 2020

September Newsletter Published 01.09.2020

2020-09-01T14:49:52+10:00

September Newsletter Published 01.09.2020

Our September Newsletter was sent out today – Did you receive yours?

September 2020 Issue Covered

  • COVID-19 payments and some issues for companies and trusts
    – Trust distributions
    – Cash flow boost
    – JobKeeper
    – Franking credits
    – Company beneficiaries
    — JobKeeper amendments
    — Business can claim previous year tax losses
  • COVID-19 and trust liquidity issues
  • Where you stand with vehicles and the boosted instant asset write off
  • COVID-19 and SMSF rental relief
    – Leasing principles
    – Non […]
September Newsletter Published 01.09.20202020-09-01T14:49:52+10:00
3 08, 2020

August Newsletter Published 03.08.2020

2020-08-03T15:26:22+10:00

August Newsletter Published 03.08.2020

Our August Newsletter was sent out today – Did you receive yours?

August 2020 Issue Covered

  • The JobKeeper scheme gets an update, plus an extension
    – The JobKeeper Payment Rate
    – Employees
    – Additional Turnover Tests
  • Has your super fund got you covered for insurance?
    – With COVID-19, maybe not
    – COVID-19 impact on insurance cover
    – Early release of super extended
  • Rental property: Tax approach adjusts for COVID-19
    – Short-term rentals
    – Deductions for vacant land […]
August Newsletter Published 03.08.20202020-08-03T15:26:22+10:00
2 07, 2020

July Newsletter Published 02.07.2020

2020-07-02T13:30:17+10:00

July Newsletter Published 02.07.2020

Our July Newsletter was sent out today – Did you receive yours?

July 2020 Issue Covered

  • POINTS TO REMEMBER
  • DEDUCTIONS
  • OFF THE DEDUCTION MENU
  • INSTANT ASSET WRITE OFF EXTENDED TO 31 DECEMBER
  • THE REALITIES OF INSURING AGAINST CYBER CRIME
    –     Proactive IT management and response plan
    – What does proactive IT management look like?
    – A big risk
    – Cybercrime statistics
  • Remote AGMs and document signing allowed
    – ANNUAL GENERAL MEETINGS
    – EXECUTING OF DOCUMENTS

    • […]

July Newsletter Published 02.07.20202020-07-02T13:30:17+10:00
2 06, 2020

June Newsletter Published 02.06.2020

2020-06-02T14:11:53+10:00

June Newsletter Published 02.06.2020

Our June Newsletter was sent out today – Did you receive yours?

June 2020 Issue Covered

  • INVESTMENT PROPERTY
  • PRE-PAY INVESTMENT LOAN INTEREST
  • BRING FORWARD EXPENSES OR DEFER INCOME
  • USE THE CGT RULES TO YOUR ADVANTAGE
  • FINAL REMINDERS
  • Expatriates: Part-year resident or non-resident for tax purposes?
    – Topics included;
    – Rental (passive) income and ‘carrying on a business’ for JobKeeper eligibility
  • COVID-19 and residential rental property claims
  • Concerns on property development […]
June Newsletter Published 02.06.20202020-06-02T14:11:53+10:00
1 05, 2020

May Newsletter Published 01.05.2020

2020-05-01T16:26:19+10:00

May Newsletter Published 01.05.2020

Our May Newsletter was sent out today – Did you receive yours?

May 2020 Issue Covered

  • CAPITAL GAINS – Topics included;
    – CLAIMING COVID WORK-AT-HOME DEDUCTIONS
    – EXPENSES THAT CAN BE CLAIMED
    – EXPENSES NOT WITHIN THE COVID-19 AMBIT
    – CALCULATING RUNNING EXPENSES
    – SHORTCUT METHOD
  • Your Business and the JobKeeper Scheme – Topics included;
    – Eligibility
    – Steps to Enrol
  • Alternative Turnover Test for JobKeeper Released 
  • COVID-19 instant asset write off and accelerated depreciation
  • Early […]
May Newsletter Published 01.05.20202020-05-01T16:26:19+10:00
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