與2CR合作的”稅務解密”節目第3期，和大家一起分享！
https://mp.weixin.qq.com/s?__biz=Mzg3NzA4OTU3Mg==&mid=2247483853&idx=1&sn=25af68727290f14a2e86cb92cb74009e&chksm=cf290786f85e8e9065551a786ac3e23d51fbf57d423ce0b6e710f6b0a30e44bce4ba7f46315e&scene=105#wechat_redirect
與2CR合作的”稅務解密”節目第2期，和大家一起分享！
https://mp.weixin.qq.com/s/Z0o5OyIelkaEbjzkQFNcTQ
Tax decryption – Financial budget 2020-2021
This year's federal government budget was officially released on October 6. Under the severe blows of wildfires, droughts, floods and the COVID-19 epidemic, the Australian government once again exerted its strong advanced consumption concept and injected huge amounts of cash to stimulate the local economy. In the new Mandarin program of 2CR Australian Chinese Radio [...]
EXTENSION OF $150,000 INSTANT ASSET WRITE-OFF TO 31 DECEMBER 2020
On 9 June 2020, the government announced it will extend the $150,000 instant asset write-off until 31 December 2020. Please refer to the attached ATO guidelines and below. Under instant asset write-off eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is [...]
JOBKEEPER PAYMENT
Summary The economic impacts of the Coronavirus pose significant challenges for many businesses – many of which are struggling to retain their employees. Under the JobKeeper Payment, businesses significantly impacted by the Coronavirus outbreak will be able to access a subsidy from the Government to continue paying their employees. This assistance will help [...]
Important stimulus package introduced by government in response to coronavirus
On 12 March 2020, the government announced a package of measures to help the economy withstand and recover from the economic impact of coronavirus. The following measures will be administered by the ATO. We are here to explain what measures would benefit you. 1. Cash flow assistance payments for SMEs Eligible small and medium-sized businesses [...]
How Can You Benefit from a Business Valuation?
There are many reasons why business people seek a valuation, including: Selling the business – to get an idea of a good price, you need to know what your business is worth. This is a leading motive for conducting a valuation. Even if you don't plan to sell yet, valuing your business early on can [...]
Changes to Threshold and Rate for Foreign Resident Capital Gains Withholding Payments
Foreign resident capital gains threshold from 1 July 2017 reduced from $2 million to $750,000.00. Property sold for $750,000.00 is now liable for CGT. From 1 July 2017 the FRCGW rate is expected to increase from 10% to 12.5%. If vendor cannot obtain a clearance from ATO, the purchaser must withhold 12.5% of the price [...]
Foreign person land tax surcharge is increasing to 2%
The Daily Telegraph today reports that foreign person land tax surcharge is increasing to 2%. All family trusts that don't exclude foreign person as beneficiaries will be subject to this tax. Even if the trust is a potential beneficiary of the income from the land. Every family trust that has a direct or indirect interest [...]
The First Home Owner Grant Scheme and the First Home
The First Home Owner Grant Scheme and the First Home—New Home Scheme are administered by the NSW Office of State Revenue and assist eligible applicants to purchase their first home. Read more about first home benefits at www.osr.nsw.gov.au