Tax News and Updates

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Australian Taxation News and Updates

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3 weeks ago

Mathews Tax Lawyers

Federal Budget 2020: Business Taxation

What you need to know about how the Budget will affect your business:
1. Small business tax concessions extended to medium businesses.
2. Outright capital assets deduction until 30 June 2022 for most businesses.
3. Loss carry-back from 2019–2020, 2020–2021 and 2021–2022.
4. Corporate residency test to be clarified.
5. FBT exemption for retraining redeployed employees.
6. FBT record-keeping: reducing compliance burden.
7. R&D Tax Incentive changes.
8. JobMaker Hiring Credit.
9. Wage subsidy for new apprentices.

>>> www.mathewstaxlawyers.com.au/taxation-news/budgets/federal-budget-2020-business-taxation/

#mathewstaxlawyers #incometax #smallbusinesstax #smallbusinessowner #smallbusinesstips #FederalBudget2020 #FederalBudget #smallbusiness #tax
... See MoreSee Less

Federal Budget 2020: Business Taxation

What you need to know about how the Budget will affect your business:
1. Small business tax concessions extended to medium businesses.
2. Outright capital assets deduction until 30 June 2022 for most businesses.
3. Loss carry-back from 2019–2020, 2020–2021 and 2021–2022.
4. Corporate residency test to be clarified.
5. FBT exemption for retraining redeployed employees.
6. FBT record-keeping: reducing compliance burden.
7. R&D Tax Incentive changes.
8. JobMaker Hiring Credit.
9. Wage subsidy for new apprentices.

>>> https://www.mathewstaxlawyers.com.au/taxation-news/budgets/federal-budget-2020-business-taxation/

#mathewstaxlawyers #incometax #smallbusinesstax #smallbusinessowner #smallbusinesstips #FederalBudget2020 #FederalBudget #smallbusiness #tax

3 weeks ago

Mathews Tax Lawyers

Federal Budget 2020: Personal Taxation

All you need to know about how it affects you personally:
1. Personal tax cuts brought forward to 1 July 2020.
2. Low income offsets: new LITO brought forward and LMITO retained.
3. CGT exemption for “granny flats”.
4. First Home Loan Deposit Scheme: additional 10,000 places.

>>>> www.mathewstaxlawyers.com.au/taxation-news/budgets/federal-budget-2020-personal-taxation/

#mathewstaxlawyers #incometax #PERSONALTAX #FederalBudget #FederalBudget2020
... See MoreSee Less

Federal Budget 2020: Personal Taxation

All you need to know about how it affects you personally:
1. Personal tax cuts brought forward to 1 July 2020.
2. Low income offsets: new LITO brought forward and LMITO retained.
3. CGT exemption for “granny flats”.
4. First Home Loan Deposit Scheme: additional 10,000 places.

>>>> https://www.mathewstaxlawyers.com.au/taxation-news/budgets/federal-budget-2020-personal-taxation/

#mathewstaxlawyers #incometax #PERSONALTAX #FederalBudget #FederalBudget2020

2 months ago

Mathews Tax Lawyers

Are you a director of company? Director identification numbers (DINs) are coming for all directors.

So what exactly are DINs?
Why are they being introduced?
How do you get a DIN?
What is the timing?

For answers to these questions see >>>> www.mathewstaxlawyers.com.au/taxation-news/ato-and-tax-updates/director-identification-numbers-no...

#companydirector #company #DIN #tax #smallbusinesstax #smallbusinesstips #mathewstaxlawyers #director
... See MoreSee Less

Are you a director of company? Director identification numbers (DINs) are coming for all directors.

So what exactly are DINs?
Why are they being introduced?
How do you get a DIN?
What is the timing?

For answers to these questions see >>>>  https://www.mathewstaxlawyers.com.au/taxation-news/ato-and-tax-updates/director-identification-numbers-now-law/

#companydirector #company #DIN #tax #smallbusinesstax #smallbusinesstips #mathewstaxlawyers #director

2 months ago

Mathews Tax Lawyers

For employers with historic unpaid super, the one-time amnesty ends 7 September. So you need to act quickly to take advantage of no penalties (otherwise 200% of super guarantee charge) and obtain a full tax deduction.

To find out more about the amnesty and what you need to do see: >>>> www.mathewstaxlawyers.com.au/taxation-news/ato-and-tax-updates/be-quick-super-guarantee-amnesty-d...

#ATO #superguarantee #EmploymentTaxes #mathewstaxlawyers #smallbusinestax #superannuation #SGC #smallbusiness #smallbusinesstips #superannuationguarantee #superamnesty
... See MoreSee Less

For employers with historic unpaid super, the one-time amnesty ends 7 September. So you need to act quickly to take advantage of no penalties (otherwise 200% of super guarantee charge) and obtain a full tax deduction.

To find out more about the amnesty and what you need to do see: >>>> https://www.mathewstaxlawyers.com.au/taxation-news/ato-and-tax-updates/be-quick-super-guarantee-amnesty-due-to-end-soon/

#ATO #superguarantee #EmploymentTaxes #mathewstaxlawyers #smallbusinestax #superannuation #SGC #smallbusiness #smallbusinesstips #superannuationguarantee #superamnesty
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Disclaimer: The information on this page is for general information purposes only and is not specific to any particular person or situation. There are many factors that may affect your particular circumstances. We advise that you contact Mathews Tax Lawyers before making any decisions.

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