With the end of the 2020-2021 financial year fast approaching, there are many tax planning strategies that you as a business owner and an individual need to be aware of so that you can take action in the coming months.
Tax Cuts and Job Maker
In terms of preserving the roots of Australia’s economy, the major economic stimulus programs of Cashflow boost, JobKeeper and JobSeeker have already expired for many taxpayers or they are to …
Coronavirus Land Tax Relief – Queensland
The Queensland Governments land tax relief applications for the 2019-20 year close on 31 October 2020.
You may be eligible for one or more of the following land tax relief measures.
Business can claim previous year tax losses.
If your business has made tax losses in years to the current one, but you haven’t yet offset all those losses, you can still carry these forward and claim a …
Getting ready for EOFY
It’s that time of year again…. although these are unprecedented times, it is time to start preparing to finalise the financial year 2020 to complete budgets and scenario modelling for …
4 Weeks into Covid…..plus Jobkeeper Cashflow implications
Over the last 4 weeks, we have received an incredible amount of calls from our clients and the broader Butlers Accountants Community. Whilst in these uncertain times the support, understanding …
Working from home ? ATO announces added Tax Boost for Home office claims.
The ATO is making it easier for Australians working from home to claim deductions for additional running expenses while working from home. The ATO will allow individuals to claim a …
COVID 19 – What support is available to you?
The Australian Government has increased the measures to support businesses impacted by COVID-19 and are making changes weekly. Changes are happening so rapidly at the moment – we are endeavouring …
Five Tips for Business Survival during COVID-19
We are right among some serious times for Business not only in Australia but globally, Three weeks ago was the Savage Setback, this week we are into Survival not Guaranteed …
Economic Outlook – Brendan Collins Principal
These are unprecedented times and I am not in a position to make a forecast on the length of time of the virus impact and the longer term economic effect. …