The ATO has outlined options for businesses struggling with the economic downturn including deduction of business losses and offsetting losses in future years.
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Would you like to semi-retire but are not at the age where you can access your super? Depending on your super fund you may be able to access a transition to retirement pension
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A new data matching program between the ATO and Centrelink is currently underway and will apply for the 2019-20 and 2020-21 income years.
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Prior to the Hayne Royal Commission, if you applied for a home loan you would generally state a single monthly living expenditure figure on your loan application.
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Australian equities:
The recovery in Australian shares was cut short in July amid reports of growing Covid-19 cases and anticipation of harsher restrictions in Victoria. Early in August, the Victorian government announced a state of disaster and moved to stage four lockdown, which will see an estimated 1 million people restricted from going to and from their workplace for at least six weeks, while only essential businesses including supermarkets and pharmacies may remain open. The S&P/ASX 200 Index gained 0.5% over the month, dragged down by the energy and health care sectors.
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There has be a great deal of press about the extension to the JobKeeper and Business Grants Scheme on offer by the State and National Governments. We want to assist all of our clients who are eligible to get all the financial support available during these challenging times.
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The maximum number of allowable members for SMSFs could soon increase from 4 to 6 if a recently reintroduced Bill passes Parliament.
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Decision-making, be it for personal or professional reasons, is an ever-present aspect of our lives.
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Retirement can mean different things to different people, however, when it comes to retirement and retirement intentions, there can be common threads.
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