Client Update | April 2020

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). Read more

jobkeeper payments

JobKeeper Payments – everything you need to know | AFS & Associates

** 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. Read more

covid19 measures

COVID-19: further clarification on industry restrictions

|| 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. Read more

employer obligations covid-19

Coronavirus and workplace laws – your obligations as an employer

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. Read more

Rolling update – financial support amid COVID-19 crisis

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. Read more

The role of the Board during a cyber security attack

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. Read more

DPN for gst coming 1 april

Director Penalty Regime to extend to GST

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. Read more

Upcoming changes to foreign purchaser duty

Changes to foreign purchaser duty

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. Read more

A beginner’s guide to property investment

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. Read more

What are capital works deductions? Claiming wear and tear on your property

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. Read more