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The Queensland Treasurer announced on Monday that he intends to “abolish” transfer duty for small businesses who wish to restructure for efficiency.
For many businesses, COVID-19 has been a trigger for developing or revising international strategies, with new markets and efficiencies being found in other countries: and India is consistently on the radar as one of the world’s largest economies.
For clubs, mandatory shutdowns due to COVID-19 have been particularly devastating and JobKeeper has been a welcome lifeline to help keep employees on the books.
The government has said the economy needs to ‘grow’ out of the recession. Innovation will be to key to this.
It didn’t take long for the numbers from the Treasurer’s economic update to be blown out with the spike in COVID cases in Melbourne resulting in the current stage 4 restrictions.
This week Prime Minister Scott Morrison and Treasurer Josh Frydenberg revealed the future of JobKeeper and JobSeeker amid concerns the economy could fall off a cliff once the programs end.
Record deficit but Australia remains one of the strongest performing countries in the world
Today Prime Minister Scott Morrison and Treasurer Josh Frydenberg revealed the future of JobKeeper and JobSeeker amid concerns the economy could fall off a cliff once the programs end.
David Thodey’s draft ‘Supporting the Road to Recovery’ report highlights a number of clear areas of tax reform.
If you’ve changed the usage of your business acquisitions (purchases) or importations this financial year (or an earlier year), you may be required to make GST adjustments.
Applications open for the 2020 Export Market Development Grant (EMDG) program. Be it products, services or IP, this grant is the Federal Government’s cornerstone funding program for businesses who export or who are looking to elevate their international strategy and operations.
The ATO will commence new GST reviews in the Top 1000 population in August 2020. This will be in addition to the announced compliance and integrity reviews for JobKeeper that we will see over the coming months.