Budget measures now law
A number of measures announced in the Federal Budget 2020–21 are now law. These are: bringing forward the personal tax … Read More
Telco tips for small businesses
Telco products and services are more important than ever for businesses. Whether COVID-19 has changed your business’s needs or you’re … Read More
Small business CGT concessions
The small business CGT concessions (aggregated turnover under $2 million – not $10 million) are important, but very complex. Disputes … Read More
Closing a small business
Unfortunately, some businesses may need to close their doors – either temporarily or permanently – due to the COVID-19 pandemic. … Read More
Varying your PAYG instalments
You can vary your PAYG instalments throughout the year if you think you will pay too much tax, compared with … Read More
Are you changing your business structure?
If you are changing your business structure, for example from a sole trader to a company, you will need a … Read More
Working out if you have to pay superannuation for your workers
It is not always easy to work out when you have to make contributions under the superannuation guarantee (SG) scheme. … Read More
JobMaker hiring credit
COVID-19 measures The JobMaker Hiring Credit scheme (“JobMaker”) is a new government incentive in response to the COVID-19 economic crisis. … Read More
JobKeeper ending
COVID-19 measures Don’t forget that the JobKeeper scheme ends on 28 March 2021. The second JobKeeper extension has started and … Read More
Investment incentives
COVID-19 measures We have previously told you about 2 temporary measures to encourage business investment: full expensing for the cost … Read More
Victorian business support
COVID-19 measures Just before Christmas, the Federal Government declared that various COVID-19 related business grants provided by the Victorian Government … Read More
DISCLAIMER
Thompsons Australia Newsletters and articles are distributed by professional tax practitioners to provide information of general interest to our clients. The content of this newsletter does not constitute specific advice. Readers are encouraged to consult their tax adviser for advice on specific matters.