The company tax rate is set to reduce to 26% for small and medium business from 1 July 2020 despite the current economic environment. The 1 July change is part of a larger progressive plan to reduce the company tax rate to 25% from 1 July 2021 and applies to base rate entities (BRE) – […]
The Government announced that the $150,000 instant asset deduction has been extended for the next 6 months. Understanding which financial year to make the purchase is key.
The Victoria State Government have eased a vast majority of its stage three COVID-19 restrictions as of 1 June 2020. The changes however, come with a new condition.
We have some great news for small business owners and some positive changes to the government’s original announcements.
What the Federal and Victorian Governments are doing to support small business out there.
From the start of April 2020, the tax office will be deeming directors as entirely liable for their company’s GST responsibilities. The additional liability is an extension of the already existing DPN (Director Penalty Notice) regime. Previously, the regime had applied to PAYG withholding and superannuation guarantee liabilities, but the extension also covers GST, luxury […]
The yet to be legislated four part package focuses on business investment, sustaining employers and driving cash into the economy.