by Chan & Naylor | Apr 7, 2021 | Business, Job Keeper, Small Business
On March 29th the JobKeeper scheme, came to an end. JobKeeper represented the largest direct stimulus the federal government provided Australia during the coronavirus pandemic with a total cost of $101billion over the 12-month period the scheme operated. In tandem,...
by Chan & Naylor | Oct 19, 2020 | Business, Business Support, Small Business
Key insights Bringing forward personal income tax cuts should result in an immediate cash increase for most employees. Low income earners will receive additional support through the increase to the Low Income Tax Offset and maintaining the current Low and Middle...
by Chan & Naylor | Oct 19, 2020 | Business, Business Support, Small Business
Enhanced access, quality and safety in aged care The 2020-21 Budget provides a record level of $2.0 billion support into aged care over four years to progress reforms to deliver improved outcomes for consumers and providers. Support for consumers includes: $1.6...
by Chan & Naylor | Oct 19, 2020 | Business, Business Support, Small Business
The Budget has introduced temporary measures intending to stimulate business investment and deliver further cash flow benefits. Key insights To assist eligible businesses impacted by COVID-19, temporary tax loss carry-back measures have been introduced to offset...
by Chan & Naylor | Sep 15, 2020 | Business, Business Support, Small Business
Welcome to Part Three of The Business Support Fund – Expansion. If small business has a choice, I am sure that they would prefer to have not been affected over the past six months by COVID-19 and would like to operate under normal circumstances like many other small...
by Chan & Naylor | Sep 2, 2020 | Business, Small Business, Tax & Accounting
An understatement is that this has certainly been a difficult year, and we are certainly seeing that many businesses have made a tax loss. A tax loss is when the total deductions you can claim, excluding gifts and donations, are greater than your total income for any...
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