10 MUST-DO’S FOR YOUR 2020-21 TAX PLANNING

In this article we highlight the 10 tax planning measures we feel are the most relevant for 2020-21.  Although these items apply to all businesses, those clients with businesses operating via a company structure, with a group turnover of less than $50 million, will have extra incentive to review their tax planning this year. The…

Changes to Insolvency Laws

Changes to insolvency laws from January 2021 include reforms that introduce a new, simplified debt restructuring process. These measures apply to incorporated businesses with liabilities of less than $1 million – full details in this Treasury factsheet, please click to learn more. To ask any questions and discuss this matter further, please call us on…

Federal Budget 2020/21

The 2020-21 Federal Budget was deferred from May to 6 October 2020 due to the extraordinary circumstances brought about by the COVID-19 pandemic. The Budget announcements were wide-ranging and much of the detail has not yet been released. Announcements include: Small business tax concessions extended to medium sized businesses Outright capital assets deduction until 30…