THE QLD GOVERNMENT HAS ANNOUNCED THIS SCHEME HAS NOW BEEN CLOSED TO ALL NEW APPLICANTS The Queensland Government has just a couple of hours ago released their Job Support Loan package. The details of this package are summarised below our recommendations. Our Recommendations and General Advice* *The information...
Payroll and Land tax is handled at the State or Territory level. This is what is currently being offered: Queensland Payroll Tax Refund of payroll tax for 2 months If you pay under $6.5 million in payroll tax you should automatically receive an email regarding this...
The Government will introduce a new compassionate ground of release that will allow individuals to access their superannuation entitlements where those benefits are required to assist them to deal with the adverse economic effects of the Coronavirus, but only where one or more of the...
From 27 April 2020, the Government will introduce a Coronavirus supplement of $550 per fortnight (payable to individuals currently receiving certain eligible income support payments) and will also temporarily expand access to certain income support payments, over a six-month period. The Government will also provide two...
Another question from the common questions file. Our short answer is: Repairs and Maintenance are generally defined as a cost that repairs or replaces an existing item. That means if you replace an appliance with another comparable appliance then it will generally be Repairs & Maintenance, even...
While trips between home and work are generally considered private travel, you can claim deductions in some circumstances, as well as for some travel between two workplaces. Here is an actual case study provided by the ATO showing the approach they will take if your...
Claiming Travel Expenses Using a Daily Allowance Method - Be Very Careful We have seen some disasters here and it is so easy for the ATO to remove your expenses so please make sure you get it right. It is not something we have a lot of...
Why Register Your Business Name? This is a question that regularly causes confusion so I will try and simplify the answer below. The Purpose of a Registered Business Name "Registering your business name simply means nobody else can trade with that business name – It does not give you any...
This will quite possibly be the shortest post I have ever written. That is because the general answer to the question is a simple one. YES Why is a Corporate Trustee a “No Brainer” Decision? The ATO have provided a useful video which is worth watching. https://youtu.be/YzY8kifTeG4 The key benefits...