17/11/2021

In 2020 the government introduced measures to help businesses recover from the impacts of the coronavirus pandemic (COVID-19). Eligible business entities may want to know which tax depreciation incentive is right for them. This ATO detailed document explains the depreciation incentives that are available and when businesses could consider using them. Interaction_of_tax_depreciation_incentivesDownload

14/7/2021

What follows are the just-announced stimulus measures from the NSW Government as well as a few others that have been around for a little bit that you might not be aware of. This support is now statewide and will, importantly, ensure regional NSW is looked after as well. CASH BOOSTER (BUSINESS) This is a fortnightly…

3/9/2020

Our latest TaxWise Business newsletter is now available. Topics covered include; Changes to JobKeeper, Cash flow boost changes, Superannuation guarantee amnesty expires soon, Tax changes, Scammers and Key tax dates. PrincipleFocus TaxWise Business Newsletter - September 2020Download

2/9/2020

Our latest TaxWise newsletter is now available. Topics covered include; JobKeeper updates, Cash flow boost changes, COVID-19 early release of Superannuation, Income Tax Returns, Scammers and Key tax dates. PrincipleFocus TaxWise Individual News - September 2020Download

3/7/2020

2020 has been a whirlwind but it is time to start preparing to finalise the 2020 financial year.What's changing in terms of legislation this year? The Federal Budget has been delayed this year until 6th October amid COVID-19. Tax Rates The Company Tax Rate reduces to 26% starting on the 1st July 2020. This is…

2/6/2020

The NSW Government has extended the Small Business Support Grant to ease the pressures on small business as a result of COVID-19. The funding aims to support the ongoing operations of small businesses highly impacted from the COVID-19 pandemic following the NSW Public Health Order of 31 March 2020.Funds may only be used for unavoidable…

23/4/2020

See these quick links for the latest information.Commonwealth GovernmentTo stay up to date with what is happening in the nation make sure you regularly check in with the Commonwealth Government through their website. For coverage of all Commonwealth Government packages, click here.ExportThe Federal Government has established a $500 million COVID-19 Export Capital Facility to assist…

22/3/2020

Federal Budget delayed to OctoberThe annual Federal Budget will be postponed to Tuesday, 6 October 2020, to give the Government time to assess the impact of the coronavirus outbreak, the Prime Minister has confirmed. It was originally planned to be handed down on 12 May 2020.The Federal Parliament will meet on Monday, 23 March 2020,…

12/3/2020

$17 Billion Coronavirus Stimulus Package The government has announced a stimulus package targeting different areas of the economy today. In summary Eligible businesses that pay salary and wages will receive a “payment” i.e. will be able to reduce the withholding tax paid for employees for March, April, May and June up to maximum of $25,000.…