The Morrison government announced yesterday in response to the COVID-19 pandemic and its impact on the Australian economy, that a new subsidy program to support businesses and employees is being implemented from March 30th. It has been named the JobKeeper Payment, and aims to cover the costs of employees' wages so that businesses are not forced to lay off staff and continue trading as best they possibly can. The government has released detailed fact sheets explaining which bu
We would like to take this time to write to you all in this very difficult time for both our country and the world. The impact of the COVID-19 pandemic is yet to be fully understood both from a medical standpoint and an economical one. We do however know what the government is willing to offer us in the form of fiscal stimulus and this is the area that we intend to help as many of our clients as possible. This email will briefly highlight some of the main benefits that you wi
The Morrison Government has announced yesterday a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the coronavirus. This massive stimulus package is focused on keeping Australians in work and helping small business stay afloat through what could be a long winter as the world comes to grips with the Coronavirus outbreak
Did you know that unless you keep a log book for your car you can not claim more than $3,400¹ in motor vehicle deductions on your tax return, regardless if you are an individual or a business!² Let's do some quick calculations.
Assuming you spend $75 a week for fuel, over 48 weeks, that’s $3,600. This is already more than what you are allowed to claim without a logbook and we haven’t even included registration costs, repairs, depreciation, interest on any finance or insuran