COVID-19

TaxWise Business News – September 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

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TaxWise Individual News – September 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

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Your 2020 EOFY Reminders & Action Items

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…

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COVID-19 NSW Small Business Support Grant – Applications extended Until 30 June 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…

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Quick links to the latest Government COVID 19 initiatives

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…

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Coronavirus Stimulus Update

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,…

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Coronavirus Stimulus Package

$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.…

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