Topics covered in this edition of our Client Information Bulletin are: Helping businesses recover – Tax depreciation incentives to help businesses recover Small business tax time errors – How to work out PAYG instalments – Simplified trading stock rules – Electronic invoicing – R&D applications – new online portal FBT: Do you provide car parking
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Following the Victorian Government’s COVID-19 circuit breaker 7 day lockdown, our team is set up to work remotely so you can still contact your Blaze Acumen advisor via their usual telephone number (or 03 9694 3000) and email. In line with the restrictions and to play our part in stopping the spread of COVID-19, the
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The Victorian State Budget for 2021/22 was released by Victorian Treasurer Tim Pallas on Thursday 20 May 2021. The full budget papers are available at https://www.dtf.vic.gov.au/state-budget/2021-22-state-budget. Click to DOWNLOAD Victoria State Budget 2021-2022 Summary The key tax measures and changes announced in the budget as foreshadowed in our Client Alert 81 – Victoria State Budget
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Topics covered in this edition of our Client Information Bulletin are: COVID-19 measures – JobKeeper scheme – JobMaker hiring credit scheme – Stimulus vouchers: how to report this in your tax – SME loan guarantee scheme – Eligible loan uses FBT issues – New FBT thresholds and rates for 2021-22 – Living away from home allowances – FBT exemptions – FBT return Do you
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Victorian Treasurer Tim Pallas has foreshadowed that this Thursday’s state budget will include a number of tax hikes that will hit property investors the hardest. Last week, Mr Pallas announced the following state tax increases will be included in the state budget as a measure to recover lost revenue: Land Tax To Rise From January
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The Federal Treasurer, Mr Josh Frydenberg, handed down the 2021–22 Federal Budget at 7:30 pm (AEST) on 11 May 2021. A stronger than expected economic recovery from the COVID-19 recession has resulted in a budget deficit of $161 billion, $52.7 billion lower than the government’s expected deficit. With the virus still a threat to the
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The Federal Budget for 2021/22 was handed down by the Treasurer, Mr Josh Frydenberg, at 7.30 pm (AEST) on 11 May 2021. Highlights The Budget is weighted towards building on the measures announced in the October 2020 budget. The key tax and superannuation highlights from the Budget are summarised below. Income tax – Personal Retaining
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Topics covered in this edition of our Client Information Bulletin are: COVID-19 measures JobMaker hiring credit JobKeeper Investment incentives Victorian business support Varying your PAYG instalment What has the ATO been doing? Trading stock taken for private use Property sales Online sales – data-matching Vehicle registrations – data-matching Key tax dates Click here to DOWNLOAD
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The Victorian Government recently announced the extension of land tax reduction and deferral relief measures to 2021 land tax. 2021 Land tax reduction and deferral for residential landlords The 25% land tax relief for residential landlords previously announced in April 2020 has been extended to the 2021 land tax. Residential landlords who provide their tenants
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The Federal Treasurer, Mr Josh Frydenberg, handed down the 2020/21 Federal Budget at 7:30 pm (AEDT) on 6 October 2020. Australia’s economic response to the COVID-19 pandemic in the form of the original and extended JobKeeper scheme, the cashflow boosts and the enhanced JobSeeker payment has come at a significant cost, Mr Frydenberg said, resulting
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