Reducing unemployment is a national priority. While the unemployment rate is expected to decline in 2021, further rises are expected as businesses restructure in response to the pandemic.
Now, more than ever, business operators should have a plan in place to manage during uncertain times. So, how do you plan for uncertainty when every assumption is subject to change?
The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts.
Essentially, GST credits (or input tax credits) are a refund/credit for the tax included in the price of your business inputs.