Tax Planning 2020 Year End
Business Potential instant asset write off for purchases up to $150,000This has been extended to 31 December 2020 Small businesses can prepay expenses up to a year in advance Superannuation contributions for staff made prior to 30 June are deductible in this financial year. To make these contributions deductible the payment needs to be made […]
Government Stimulus Measures to Combat Economic Effect of COVID-19
Federal Government Measures: The Government has released an updated stimulus package aimed at easing the cost of retaining staff during this difficult period. The features of the stimulus measures being taken by the Government are as follows: Relief for Small Businesses: Boosting Cash Flow for Employers: The main feature of the stimulus package is in […]
