$45m border business boost

Small businesses along the NSW border will benefit from a new $45 million grant program designed to cushion the economic impacts of the southern border closure. Businesses in 13 Local Government Areas along the NSW and Victorian border,…

6 steps to protect the future of the family business

To ensure continuity, a succession plan is absolutely essential for every family business. And this is regardless of whether the family runs a global empire, family farm or corner store. History shows that succession is the Achilles Heel…
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If you’re in business, you need to know about the PPSR

There is a simple step that many businesses can take to better manage the risk that can attach to certain assets Not so many years ago, a new scheme was introduced, which also established a national register, that could affect anyone who…

Latest JobKeeper amendments dissected

Entitlement based on employeesThe major change is the admission into the JobKeeper scheme of employees who were on the books as at 1 July 2020, from JobKeeper fortnight 10 (3-16 August). The rules as amended not only enable individuals who…

Has your super fund got you covered for insurance? With COVID-19, maybe not

From 1 July 2019, the government adopted new rules that aim to prevent the unnecessary erosion of people’s retirement savings through inappropriate insurance arrangements. As part of the rules, super providers, excluding SMSFs and small…

What is a Child Maintenance Trust?

When relationships break down, child maintenance payments are often made from post-tax money. If this is a position you are facing, perhaps you might be interested in learning about a Child Maintenance Trust. According to the National Centre…
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Tax rates for deceased estates

The tax rates that apply to income a deceased estate declares depend on the period of time after the person's death. First three income years For the first three income years, the deceased estate income is taxed at individual income tax…

Rental property: Tax approach adjusts for COVID-19

The COVID-19 pandemic has placed property owners, and tenants in many cases, in unfamiliar territory. Many tenants have been paying reduced rent or ceased paying because their income has been adversely affected. While rental income may be…