COVID-19 and SMSF rental relief

The Federal Government announced a six-month moratorium on evictions of commercial and residential tenants during the COVID-19 health pandemic

Where you stand with vehicles and the boosted instant asset write off

The extension of the instant asset write-off from $30,000 to $150,000 until 31 December 2020

COVID-19 and trust liquidity issues

The ATO has highlighted the fact that due to COVID-19, a trustee may experience liquidity issues that may affect a trust’s ability to satisfy a beneficiary’s entitlement. This may happen where financial institutions impose restrictions that affect the way a trustee can deal with its assets.

COVID-19 payments and some issues for companies and trusts

With many having received cash flow boost and JobKeeper payments, there can arise some unique issues where these amounts are received within a trust or company.

JobKeeper Changes

Announcement: The Government has extended the JobKeeper Payment scheme, changes from 14 August 2020.

Claiming a deduction for transport expenses when carrying bulky equipment

As a general rule, expenses relating to travel between home and work (and vice versa) are non-deductible. A number of exceptions to this principle exist, including for situations that require bulky equipment be transported to and from work.

Rental property: Tax approach adjusts for COVID-19

The COVID-19 pandemic has placed property owners, and tenants in many cases, in unfamiliar territory.

Has your super fund got you covered for insurance?

Has your super fund got you covered for insurance? With COVID-19, maybe not.

The JobKeeper scheme gets an update, plus an extension

The JobKeeper payment, which was originally due to end after 27 September, will now continue to be available to eligible businesses (including the self-employed) until 28 March 2021.

JobSeeker 2.0 and other income support

The Coronavirus supplement will continue, albeit on a reduced rate of $250 per fortnight (from $550), from 25 September until 31 December 2020 for eligible individuals

JobKeeper 2.0 - The New Requirements

The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees.

$100k offered to businesses solving environmental challenges.

The Australian government has just announced its latest funding round for small and medium-sized businesses to develop innovative solutions that can solve national environmental challenges