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The Federal Government has announced a simpler and more flexible insolvency process for owners of “financially distressed but viable” small businesses. Read more
There are several key challenges for business leaders to address in order to plan, move forward and grow. For many businesses, the impact of the COVID-19 outbreak have been profound ranging from operation shutdowns, supply-chain disruptions, cashflow pressures and staffing issues. Read more
The recently announced Tourism Industry Development Fund by the South Australian State Government has been developed to provide grants from $20,000 to $500,000 (excluding GST) with a maximum of 30 per cent State Government grant of the total project value. Read more
The existing JobKeeper program comes to an end on 27 September. The next phase of the program runs from 28 September to 28 March 2021. We had previously outlined the next phase, based on announcements made. Read more
Parliament passed a Bill this week to extend the end point of the JobKeeper program. Read more
Given the extra costs of establishing a company to act as the corporate trustee of an SMSF, why such growth and what are the advantages? Read more
As a home owner with a mortgage, chances are you’ve heard of the term ‘refinancing’. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances. Read more
Another financial year has ended. This time last year, no one could have anticipated that within the year we would be dealing with a health and economic crisis that has devastated so many Australians. Read more
In a poll conducted by the Lowy Institute, New Zealand was considered Australia’s “best friend”, displacing the United States.We share a desire for a more business-friendly relationship, and that manifests in a number of specific taxation and other rules that are particular to Australia-New Zealand commerce. Read more
The following has been taken from the SMSF Frequently Asked Questions page of the ATO website, and may be useful to clients whose SMSFs have been affected by COVID-19. Read more