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Tax decryption – Financial budget 2020-2021

This year's federal government budget was officially released on October 6. Under the severe blows of wildfires, droughts, floods and the COVID-19 epidemic, the Australian government once again exerted its strong advanced consumption concept and injected huge amounts of cash to stimulate the local economy. In the new Mandarin program of 2CR Australian Chinese Radio [...]

Tax decryption – Financial budget 2020-20212020-10-15T16:52:27+11:00

EXTENSION OF $150,000 INSTANT ASSET WRITE-OFF TO 31 DECEMBER 2020

On 9 June 2020, the government announced it will extend the $150,000 instant asset write-off until 31 December 2020.   Please refer to the attached ATO guidelines and below.   Under instant asset write-off eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is [...]

EXTENSION OF $150,000 INSTANT ASSET WRITE-OFF TO 31 DECEMBER 20202020-06-22T12:37:34+10:00

JOBKEEPER PAYMENT

Summary   The economic impacts of the Coronavirus pose significant challenges for many businesses – many of which are struggling to retain their employees.   Under the JobKeeper Payment, businesses significantly impacted by the Coronavirus outbreak will be able to access a subsidy from the Government to continue paying their employees. This assistance will help [...]

JOBKEEPER PAYMENT2020-03-31T11:48:33+11:00

Important stimulus package introduced by government in response to coronavirus

On 12 March 2020, the government announced a package of measures to help the economy withstand and recover from the economic impact of coronavirus. The following measures will be administered by the ATO. We are here to explain what measures would benefit you. 1. Cash flow assistance payments for SMEs Eligible small and medium-sized businesses [...]

Important stimulus package introduced by government in response to coronavirus2020-03-17T15:41:09+11:00

How Can You Benefit from a Business Valuation?

There are many reasons why business people seek a valuation, including: Selling the business – to get an idea of a good price, you need to know what your business is worth. This is a leading motive for conducting a valuation. Even if you don't plan to sell yet, valuing your business early on can [...]

How Can You Benefit from a Business Valuation?2017-09-29T07:02:04+10:00