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Extending JobKeeper Fair Work Act Provisions into Phase 2.0
October 28th, 2020When the Australian Government introduced a raft of measures to help support and stimulate the economy in the wake of the COVID-19 pandemic, there were implications beyond just the financial when it came to implement the changes. Of particular note is the JobKeeper wage subsidy, which was brought in to assist businesses in continuing toread more
Deceased Estates & The Main Residence CGT Exemption
October 16th, 2020When someone passes away, a wide range of financial considerations can arise. From funeral expenses and insurance policies to the tax implications around inherited assets, the associated complexities are most unwelcome at what is already a particularly stressful time. In this article, we’ll be focusing on that last example - particularly how Main Residence Capitalread more
Update: Coronavirus SME Loan Guarantee Scheme 2.0
October 13th, 2020Forming part of the Government’s Coronavirus stimulus package measures, the SME Loan Guarantee scheme was introduced to provide working capital support to Small and Medium Enterprises (SMEs) with an annual turnover of less than $50 million. Since its initial phase, the Government has announced changes to the scheme to broaden its reach and provide moreread more
McKinley Plowman Federal Budget Update 2020/21
October 7th, 2020Welcome to the 2020/21 McKinley Plowman Federal Budget Update! In a year filled with uncertainty, turmoil, crisis, and economic downturn, the Morrison Government’s Budget was always poised to be one filled with recovery measures to get the Australian economy back on track – looking at both the short- and long-term. While the majority of theread more
WA Property Market Update September 2020
September 18th, 2020Off the back of a rough 2020 so far, the Western Australian property market is still hovering around the bottom of the cycle across both residential and commercial sectors. As we’ve outlined in the past couple of property updates, including our August edition, a glass-half-full approach to looking at the situation can uncover some importantread more
COVID-19 and Your Super
August 27th, 2020The impact of COVID-19 has been vast and complex – and super, particularly Self-Managed Superannuation, is no exception. As the government continues to bring in and tweak economic stimulus measures to help people and businesses keep their heads above water, some changes have been made to SMSFs and what funds are allowed to do duringread more
Superannuation Guarantee Amnesty – Deadline Coming Soon!
August 25th, 2020Given everything that’s happened in 2020, you’ll be forgiven for forgetting a couple of things here and there. One thing you won’t want to miss, especially if you have outstanding Superannuation Guarantee (SG) obligations, is the ATO’s Amnesty, which ends on the 7th September 2020. Superannuation Guarantee Amnesty: The Details The SG Amnesty has featuredread more
COVID-19 Compliance at Tax Time
August 19th, 2020Have you applied for COVID-19 stimulus payments for your business? Have you received the JobKeeper payment as an employee? Taken advantage of the Early Release of Super scheme? There are plenty of compliance-related considerations this tax season! After an unusual and challenging second half of the 2019/20 financial year, we’re certainly not out of theread more
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