SPRING 2020 Tax Bulletin
IN THIS ISSUE: JOBKEEPER 2.0 LEGISLATION | CORPORATES & PRIVATE GROUPS ALERT | FBT ISSUES DURING COVID-19 | SUPERANNUATION MEASURES- AN UPDATE | DEBT RECOVERY AND INSOLVENT TRADING MORATORIUMS EXTENDED TO 31 DECEMBER 2020
Author Archive for: Maroo
Entries by Maroo Advisory
True Blue
In the company of the Lord An Australian, an Irishman and an Englishman were sitting in a bar. There was only one other person in the bar. The three men kept looking at this other man, for he seemed terribly familiar. They stared and stared, wondering where they had seen him before, when suddenly the […]
Tax
The Big Squeeze The local bar was so sure that its bartender was the strongest man around that they offered a standing $1,000 bet. The bartender would squeeze a lemon until all the juice ran into a glass, and hand the lemon to a patron. Anyone who could squeeze one more drop of juice […]
Clever Puns
The roundest knight at King Arthur’s round table was Sir Cumference. He acquired his size from too much pi. I thought I saw an eye doctor on an Alaskan island but it turned out to be an optical Aleutian . She was only a whisky maker but he loved her still. A rubber band pistol […]
Accountant Jokes
Give him another chance The host of the convention says, “We are all here today to prove to the world that Accountants are not stupid. Can I have a volunteer?” One Accountant steps up. The host says to him, “What is 15 plus 15?” After 15 or 20 seconds he says “Eighteen.” Obviously everyone is […]
Unit Trust
What is a Trust? A trust is a fiduciary relationship in which a person (“trustee’) is the holder of an interest in property but is subject to an equitable obligation to use or keep the property for the benefit of another person or entity or to some commitment object or purpose. A non-discretionary trust is […]
Sole Trader
What is a Sole Trader? A person wishes to go into business can simply trade in their own name or register a name of business (trading name) with the Department of Consumer and Employment Protection in WA. Set up Procedure Register for ABN Register for GST (if applicable). Register a Trading name with DOCEP (if […]
Self-Managed Superannuation Fund (SMSF)
What is a Self-Managed Superannuation Fund (SMSF)? An SMSF has less than five members, each individual trustee of the fund is a fund member, each member of the fund is a trustee, no member of the fund is an employee of another member of the fund unless those members are related. The requirement that all […]
Partnerships
What is a Partnership? Two or more people can enter into an agreement either verbally or under contract to enter into a business and share in the risks and profits. Partners are jointly and severally liable for any debts and litigations of the partnership. We can assist Register for separate TFN Register for ABN Register […]