In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5 billion* will be able to offset any losses made between 2019-20 and 2021-22 against previously taxed profits between 2018-19 and 2020-21.
Eligible businesses will immediately be able to deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use.
Aintree Group will be closing for the holiday break at 12pm Friday 18 December, and reopening 9am Monday 11 January 2021.
JobMaker is a credit available to eligible businesses for hiring additional employees. It was announced in the 2020-21 Federal Budget.
From 11:59 Tuesday 27 October all of Victoria is taking one big step out of lockdown. Here is what you need to know about the restrictions that have lifted, and those that are still in place.
The 2020 Budget has been dubbed the road to recovery for the Australian economy as we bounce back from the impact of the COVID-19 Pandemic.
Temporary insolvency and bankruptcy protections are in place until 31 December 2020 to enable businesses to trade through the pandemic.
The first tranche of JobKeeper ended on 27 September 2020. We look at the issues for those seeking to qualify for the second round of JobKeeper and for those no longer eligible.
The Victorian Government has announced a third round of the Business Support Fund to provide direct financial support to businesses impacted by restrictions in Victoria.
The Victorian Government's Business Resilience Package was announced last weekend. It will provide $3 billion in cash grants, tax relief and cash flow support to Victorian businesses.