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Taking a Closer Look at the JobMaker Scheme
November 20th, 2020The JobMaker scheme was announced in the 2020/21 Federal Budget and follows on from a raft of changes and schemes brought in by the federal Government to reduce the impact COVID-19 has had on the Australian economy – particularly on employment. While we covered it briefly in our Federal Budget Update, now that some timeread more
WA Property Market Update – November 2020
November 13th, 2020While other parts of the country, and indeed the world, continue to get to grips with COVID-19, Western Australia remains relatively untouched and is enjoying the lead up to summer with just about 100% “normality”. So, if our lifestyles are anything to go by, things are looking up – but what’s to be said about theread more
Home-Based Businesses – Know your Deductions
November 6th, 2020Now that another financial year has been and gone, it can be tempting to put tax to the back of your mind as you gear up for another busy year. However, if you’re running a business, particularly from home, it is crucial that you keep on top of what you can claim as a deductionread more
Extending JobKeeper Fair Work Act Provisions into Phase 2.0
October 28th, 2020When the Australian Government introduced a raft of measures to help support and stimulate the economy in the wake of the COVID-19 pandemic, there were implications beyond just the financial when it came to implement the changes. Of particular note is the JobKeeper wage subsidy, which was brought in to assist businesses in continuing toread more
Deceased Estates & The Main Residence CGT Exemption
October 16th, 2020When someone passes away, a wide range of financial considerations can arise. From funeral expenses and insurance policies to the tax implications around inherited assets, the associated complexities are most unwelcome at what is already a particularly stressful time. In this article, we’ll be focusing on that last example - particularly how Main Residence Capitalread more
Update: Coronavirus SME Loan Guarantee Scheme 2.0
October 13th, 2020Forming part of the Government’s Coronavirus stimulus package measures, the SME Loan Guarantee scheme was introduced to provide working capital support to Small and Medium Enterprises (SMEs) with an annual turnover of less than $50 million. Since its initial phase, the Government has announced changes to the scheme to broaden its reach and provide moreread more
McKinley Plowman Federal Budget Update 2020/21
October 7th, 2020Welcome to the 2020/21 McKinley Plowman Federal Budget Update! In a year filled with uncertainty, turmoil, crisis, and economic downturn, the Morrison Government’s Budget was always poised to be one filled with recovery measures to get the Australian economy back on track – looking at both the short- and long-term. While the majority of theread more
WA Property Market Update September 2020
September 18th, 2020Off the back of a rough 2020 so far, the Western Australian property market is still hovering around the bottom of the cycle across both residential and commercial sectors. As we’ve outlined in the past couple of property updates, including our August edition, a glass-half-full approach to looking at the situation can uncover some importantread more
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