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Month: May 2020

$150,000 Asset Instant-Write-Off reduced to $1,000 at 1st July 2020

So whilst we are all racing about like headless chooks dealing with Job Keeper here I am today asking you to examine your asset purchasing strategy as soon as you can. This is mostly as the incredibly generous $150,000 instant write off only carries through to the 30th of June 2020. On the 1st of …

$150,000 Asset Instant-Write-Off reduced to $1,000 at 1st July 2020 Read More »

Jobkeeper wages judged by the FORTNIGHT – Are your employees eligible for BOTH of May’s Jobkeeper payments?

If you have enrolled and are eligible for Jobkeeper payments you would know that June 1st 2020 you can make your claim for your job keeper payments. HOWEVER – unlike last month where you could do a make up pay for the whole month – you needed to have paid a gross of $1500 in …

Jobkeeper wages judged by the FORTNIGHT – Are your employees eligible for BOTH of May’s Jobkeeper payments? Read More »

Why you MUST do a Trustee Distribution Resolution BEFORE 30th June each year …

Remember the story of Cinderella? She had to be home before the stroke of midnight else she would be reduced to her rag dress, a pumpkin for her coach and mice for her horses…. Welcome to Trust Distribution Statements.   What is a Trust Distribution Statement? If you have a discretionary trust (unlike a unit …

Why you MUST do a Trustee Distribution Resolution BEFORE 30th June each year … Read More »