Rental (passive) income and ‘carrying on a business’ for JobKeeper eligibility
When assessing eligibility for JobKeeper assistance, the first question that must be answered is whether the entity was carrying on a business as at 1…
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Read MoreRental (passive) income and ‘carrying on a business’ for JobKeeper eligibility
Planning tool to help businesses reopen
The government’s National COVID-19 Coordination Commission (NCCC) has released an online planning tool to help businesses develop a plan to keep their workers, customers and…
Is NALE the key to NALI?
Is NALE the key to NALI? The ATO’s compliance approach SMSFs must transact on an arm’s-length basis. The purchase and sale price of fund assets…
COVID-19 Super early release
Early release from super a relief, but comes with risks The government is allowing the early release of superannuation and a temporary reduction in minimum…
COVID-19 instant asset write off and accelerated depreciation
While many of the COVID-19 stimulus changes such as the JobKeeper payment are grabbing headlines, it is easy to overlook the significance of the $150,000…
Working from home COVID-19
Answers to COVID-19 work-from-home expense questions and CGT concerns There are many questions being asked lately about claiming expenses when forced to work from home…
Monthly Newsletter – May 2020
Answers to COVID-19 work-from-home expense questions and CGT concerns There are many questions being asked lately about claiming expenses when forced to work from home…
JobKeeper for business
Your business and the JobKeeper scheme The ATO has been charged with running the JobKeeper Payment scheme, which is intended to support businesses that are…
Coronavirus stimulus package
A legislative package has been pushed through Parliament which contains a number of bills that implement the government’s economic response to the spread of the…