Dealing with Business Losses

With the current economic environment there is plenty of interest in the best way to deal with business losses. Setting aside the potential ability to carry-back losses which

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The ABC’s of QBCC

The Queensland Building and Construction Commission (QBCC) supports the growing Queensland community by providing information, advice and regulation to ensure the maintenance of proper building standards and remedies

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JobMaker Hiring Credit Scheme

The Coronavirus Economic Response Package (Payments and Benefits) Rules 2020 have been amended by Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No 9) 2020 to specify

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GST and Real Estate

If you are selling or purchasing real estate you need to give consideration to any Goods and Services Tax (GST) implications involved in the transaction as the GST

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Tax Treatment of Coronavirus Stimulus Payments for Companies & Trusts

Many companies and trusts have been kept afloat this year by receiving the governments cash flow boosts and JobKeeper payments. This blog post will unpack the subsequent tax

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Trusts, ACNs, ABNs and TFNs

Trusts are a common structure used to operate a business, own assets and distribute income. Trust are very different structures to companies and partnerships and are therefore regulated

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Cars and Tax 2020

From 1 July 2020 the following car threshold amounts apply to Income Tax, GST and Luxury Car Tax: Income Tax There’s an upper limit on the cost you

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Cryptocurrency Trading and Investing – You need to know the difference

Determining whether you are a cryptocurrency trader or investor for tax time can be tricky. To help you work out which category you belong to, and to make

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Instant Asset Write – Off Extended

Instant Asset Write – Off for Businesses Using the instant asset write-off, eligible businesses are able to claim an immediate deduction for the business portion of the cost

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Claiming Home Office Expenses the Simple Way

Have you been working from home these last few months due to COVID-19? If so, the ATO has introduced a temporary shortcut method to help you easily calculate

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