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Countering the Corona Effect

Learn about Grants, Jobkeeper, and how to work out if you ever had that 30% drop.

Work Related Expenses 2020 – complete with new traps for the unwary

The year 2020 has been nothing but a big bunch of surprises for many of us.  Getting this years tax return completed will be no different. – So what to look out for? Laundry for 2020 We have been able to claim $1 per full load of uniforms with a maximum of $150 claimed for …

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COVID-19 SMSF Negative Returns – is there a positive?

Despite well formulated investment strategies and appropriate investment advice, no trustee could have foreseen the impacts of COVID-19 on financial markets globally. Whilst history suggests that a strong recovery is likely within a relatively short period after large market corrections, it is still too early to know the impact of COVID-19 on members’ retirement plans. …

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Your SMSF End of Financial Year Considerations

The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception. While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF in 2020-21, as well as meet their annual regulatory obligations for 2019-20. If there is …

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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 …

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Commerical Lease in CONVID? Here is the Code

The Government has finally released a code for SME Commerical Leasing Principals during COVID-19. I have taken excerpts from the code directly.  The link to the entire code is here. Leasing Principles In negotiating and enacting appropriate temporary arrangements under this Code, the following leasing principles should be applied as soon as practical on a …

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