TAX PLANNING 2020 – TIP #3 – DIRECTORS FEES
One of our many TAX SAVING strategies is to consider paying Directors what is known as a Directors Fee, as remuneration for holding this position of high responsibility.
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TAX PLANNING 2020 – TIP #2 – BONUSES
Did you know that it can be more wealth and tax effective to pay year end bonuses to business owners than retain earnings in the business?
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TAX PLANNING 2020 – TIP #1 – SUPERANNUATION
Did you know that your super fund pays tax on “concessional contributions” at 15%, which makes your super a great channel through which to save some annual tax dollars!
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Covid-19 JobKeeper Program – Application 20th April 2020
Enrolment for JobKeeper Payment opens on 20th April 2020 and must be completed by 30th April 2020 to claim JobKeeper payments for April.
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COVID-19 Working From Home
With large numbers of people now working from home due to the Coronavirus Pandemic, the ATO is introducing the following shortcut method for related tax deductions:
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COVID-19 – The Mandatory Code
Today the government has announced that a “Mandatory Code” will be introduced to assist businesses through the Covid-19 crisis.
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COVID-19 Cash Flow Booster – Entitlement “Manufacture”
One of the questions the accounting profession is receiving after the “Cash Flow Booster” Stimulus Update was delivered, was whether it would be a good time to “implement a wage” or “increase wages”.
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COVID-19 JobKeeper Payment
Read my summary of yesterday’s stimulus announcement – the JobKeeper Payment being the section that will impact our business clients.
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COVID-19 Support for Apprentices & Trainees
As many of our customers are in trades and field services, I felt that some clarity around the Apprentice subsidy part of the Stimulus Package would be useful.
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COVID-19 Business Cash Flow Booster
The government’s delivery of the Stimulus Package has been confusing to say the least and we now have some clarity finally. Here is what you need to know.
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