What's New @ Dewings?

The company tax rate change isn't a new measure, but rather is in accordance with the timeline of cascading rate cuts passed by Parliament a few years back.

You can read the full version here.

The limit had been moving gradually up for a number of years and was sitting at $30,000 at the beginning of this year. In response to the rapidly escalating COVID-19 pandemic and its impact on business, the Government announced a range of stimulus measures, one of which was a significant increase of this limit to $150,000 per asset, as well as an increase in the eligibility threshold to businesses with annual turnover of up to $500 million.

You can read the full version here.

The declaration must contain:

1. Confirmation of the number of eligible employees and/or 'business participants' ;
2. The value of GST turnover for the reporting month; and
3. The value of projected GST turnover for the following month

With that in mind, we remind you that JobKeeper declarations for May must be made on or before 14th June 2020. 

You can read the full version here.

For the 2019-20 financial year, landlords who pass on rent relief to struggling tenants may be eligible for a 25% reduction in the full amount of Land Tax due for the year. The measure applies to both commercial and residential tenancies.

You can read the full verson here.

We've been fortunate that we've been able to continue, even with the doors close, as we work with our clients to intepret and implement the many and varied business stimulus measures announced by the Federal and State Governments. Nevertheless, we hope re-opening our offices will allow us to return to a greater level of accessibility for things like document signing, pick-ups and drop-offs.

You can read the full version here.