AFS NEWS | Your partners in success
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.