Government expands SME loan scheme eligibility
Businesses that didn’t previously receive JobKeeper will now be eligible for loans of up to $5 million under the scheme, which will be made available through select lenders until 31 December.
Pitfalls and proposed changes in the use of R&D tax incentives
Since its introduction, a number of taxpayers have fallen foul of the ATO in its administration of the research and development (R&D) tax incentive scheme under the Income Tax Assessment Act 1997 (Cth) (ITAA) for failing to have claimed an offset for an activity that strictly complies with the relevant tests.
Extra ‘super’ step when hiring new employees
Most new employees are eligible to choose the super fund you pay their super guarantee contributions to.
World’s largest armies 1816 – 2020
Adding a slice of interesting trivia is a great way to offer something or those clients who don't want to read, and September is no exception. What we add is great for trivia competitions, especially if you get to draft the questions.
ATO issues warning to first-time investors
A surge in first-time investors trading shares and exchange-traded funds (ETF) has prompted the ATO to issue a warning on share tax treatment and the behaviour that raises red flags.
Unemployment rate falls to 12-year low
The latest round of employment data shows the unemployment rate fell by 0.3 of a percentage point to 4.6 per cent through July. But the 12-year low might not signify labour market strength, experts say.
Lockdowns and mental health
Victoria endures its sixth lockdown as the state's cases grow; NSW records 1,281 new local COVID-19 cases and three deaths. Lockdowns to be eased once 70% of the population is double vaccinated against COVID-19 yet today some 60% of Australians are in lockdown.
State and Federal COVID-19 support
The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.