Federal Budget 2020/2021

IN THIS ISSUE | OVERVIEW | TEMPORARY FULL EXPENSING OF CAPITAL ASSETS | LOSS CARRY-BACK FOR COMPANIES | PERSONAL TAX PLAN – BROUGHT FORWARD | JOBMAKER HIRING CREDIT | INCREASE OF THE SMALL BUSINESS ENTITY TURNOVER THRESHOLD | MISCELLANEOUS FBT CONCESSIONS

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

True Blue

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In the company of the Lord An Australian, an Irishman and an…

Tax

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  The Big Squeeze The local bar was so sure that its bartender…

Clever Puns

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The roundest knight at King Arthur's round table was Sir Cumference.…

Accountant Jokes

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Give him another chance The host of the convention says, "We…

Unit Trust

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What is a Trust? A trust is a fiduciary relationship in which…

Sole Trader

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What is a Sole Trader? A person wishes to go into business can…

Self-Managed Superannuation Fund (SMSF)

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What is a Self-Managed Superannuation Fund (SMSF)? An SMSF has…