Welcome to our April newsletter. Australia has been hit by devastating natural disasters including drought, fires and floods and is now faced with unprecedented challenges following the global outbreak of Coronavirus (COVID-19).
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Entries by AFS Bendigo
** Please note – these updates are relevant for March 2020 – September 2020 period. For details on the second round of JobKeeper Payments we have an updated blog here: https://www.afsbendigo.com.au/jobkeeper-payment-2-0-need-know/ Updated 9 June 2020 The JobKeeper Payment Scheme was legislated in April 2020 and will support businesses significantly impacted by COVID-19.
|| Stage two measures to flatten the curve || National Cabinet has expanded a list of banned activities in an attempt to slow the spread of COVID-19.
Updated 14 April 2020 With the continuing impacts of COVID-19 many employers are asking the question of how do they manage their business and employees. We have compiled the common questions emerging to assist you if your business is facing hardship, down turn or closure from Government recommendations amid Coronavirus restrictions.
The Federal and State Government continue to bring stimulus packages to help individuals and businesses manage the economic impact of the Coronavirus (COVID-19). We have summarised the support announced below and will continue to update this blog as more information is released.
As technology continues to become an increasingly integral part of the workplace, it has never been more important to understand cyber security and ensure the safety of your business. Gone are the days where the headache of cyber security could be passed onto the IT department, as it is now a critical business issue.
New legislation has recently been passed in Parliament which will result in Goods and Services Tax (GST) now being included in the Director Penalty Notice Regime, effective as of 1 April 2020.
The State Revenue Office (SRO) of Victoria are set to impose changes from 1 March 2020 in relation to foreign resident duty charges and discretionary trusts.
Property investors are entitled to several taxation benefits, however, many fail to take full advantage of the depreciation deductions available to them. While most investors are aware of claims for expenses such as interest on their loans, council rates, property management fees and repairs and maintenance costs, depreciation is a hidden factor often not considered.
Capital works deductions are income tax deductions an investor can claim for the wear and tear that occurs to the structure of the property or items considered to be permanently fixed to the property. This includes any structural improvements that may have been made during a renovation.