Posts Tagged: ato

Budget 2020 – Individuals Better Off

A lower personal income tax with immediate relief backdated to 1st July 2020. That’s a big tick for individuals. The changes to income tax brackets will help thousands more.  The personal tax relief initiatives announced in Budget 2020 were slated to come into effect in two years’ time but the…

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Liquidation relief extended as 33% of businesses struggle

Govt Extends Business Liquidation Grace Period The Federal Government has extended the temporary relief measures introduced to save businesses from going under during the coronavirus pandemic. Due to expire on 21 September 2020, the insolvency and bankruptcy “grace period” is being extended until the end of the year. In a…

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Can you claim a business tax loss?

In the now distant days of December 2019, we were all eagerly anticipating the year 2020. Ok that didn’t quite turn out as expected… A new decade, a fresh start. There was a collective feeling in the business community that 2020 would be ‘our’ year to strike out. To grow….

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Top Ten Tax Tips for the End of the Financial Year

A Year Like No Other Here are ten tax tips to ensure your compliance is in line with Government regulations. There’s been a raft of government stimulus programs released to help Australian businesses cope with the COVID-19 health pandemic, and there’s never a more important time to make sure you…

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