Federal Budget 2019-20
03 Apr 2019
Overview – Federal Budget This is a Federal Budget that is designed to showcase the return to surplus. Some of the budget highlights include: Personal income tax cuts Low and middle income tax offset increased Business income tax cuts Superannuation work test watered down Instant asset write off increased Flood grants to be tax free […]
Read More
North Queensland Flood – ATO Deferrals
21 Mar 2019
Overview – ATO Flood Deferrals From 25 January 2019, North Queensland received heavy rainfall originating from a monsoon trough. This resulted in some locations receiving rainfall in excess of 1500mm causing a significant flood. If your business or residential address is in one of the identified impacted postcodes, the ATO will automatically make arrangements to […]
Read More
Townsville Floods – ATO deferrals
13 Feb 2019
Overview – ATO deferrals From 25 January 2019, North Queensland received heavy rainfall originating from a monsoon trough. This resulted in some locations receiving rainfall in excess of 1500mm causing significant flooding. With consideration of the immediate effect on business cash flow, the Australian Taxation Office (ATO) is automatically providing a one month extension for tax obligations […]
Read More
Disaster Assistance Loans
08 Feb 2019
Overview – Disaster assistance loans Disaster Assistance Loans and Working Capital Loans are now available to small businesses that have been impacted by the devastating floods in North Queensland over the past week. Disaster assistance has been activated for small businesses under the joint Commonwealth-State Disaster Recovery Funding Arrangements (DRFA). DRFA Category B assistance is available […]
Read More
