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Thinking posts
91 results91 results
Tax and superannuation| 29 Jun 2020
Division 7A minimum yearly repayment relief – too little too late?
By Michael Parker and Andrew O’Bryan After weeks of waiting with bated breath, we have finally had word from the Australian Taxation Office (ATO) about relief for taxpayers from the need to make annual repayments of complying Division 7A ...
JobKeeper| 10 Jun 2020
Has receiving a JobKeeper payment put you in the Commissioner’s crosshairs?
With the announcement of the JobKeeper payment, a lot of struggling businesses were able to breathe a sigh of relief after accessing some of the billions in funding to (hopefully) get them through these trying times. However, for those businesses ...
Tax and superannuation| 04 Jun 2020
Debt forgiveness in a COVID-19 environment
The COVID-19 restrictions are slowly easing but the economic impacts are far from over. While businesses struggle to find ways to free up cash, it is likely we will see restructuring of loans and waiving of debts. Taxpayers and their ...
Tax and superannuation| 04 Jun 2020
Directors beware – companies can pierce the corporate veil
As we know, the Federal Government has implemented a package of changes to Australian insolvency and bankruptcy laws to provide relief from the economic impacts of COVID-19. There are some who consider that the measures, together with other schemes such ...
Tax and superannuation| 04 Jun 2020
Property tax issues arising from COVID-19 arrangements
The COVID-19 shutdown has had a devastating impact on residential and commercial property arrangements. For landlords and tenants, the Government has supported an ‘everyone shares the pain’ framework to alleviate cash flow pressure on both sides. The legal framework has ...