With interest rates at a historic low, many clients are considering refinancing or adding lending capacity to support investment.
You may not have heard of the Export Market Development Grant (EMDG) program, but if you are an Australian business that is currently exporting, or planning to export goods, services or intellectual property, you should consider the Federal Government’s EMDG program.
With additional liquidity available in the economy, we are seeing more clients begin to use some of their available funds for investing in shares.
The strong last quarter across many industries is underpinning the “V Shaped” Recovery that many commentators predicted. The V Shaped Recovery is supported by nearly all economic charts in Australia at this time.
Following our earlier post about the JobMaker Hiring Credit from 7 October 2020, we now can provide an update about the specific details of the program and how it will operate.
The Federal Treasurer has announced the launch of the Australian Business Growth Fund (ABGF), which is targeted towards small and medium-sized businesses (SMEs) to assist with economic recovery following the downturn caused by COVID-19.
A centrepiece of the Federal Budget announced by the Treasurer on Wednesday night was the move to bring forward Stage 2 of the Personal Income Tax Plan to 1 July 2020, resulting in lower taxes for individuals backdated to this date.
Further enhancements to the Research and Development Tax Incentive (R&DTI) measure have been announced by the Government to boost Research and Development (R&D) investment and support businesses dealing with the economic impacts of COVID-19.
The Treasurer has announced a new tax incentive addressing business asset purchases as part of the 2020/2021 Budget Announcement.
The treasurer has announced that eligible companies will be allowed to carry back tax losses from the Financial Years ending 30 June 2020, 2021 & 2022 to offset profits previously taxed in the Financial Years ending 30 June 2019 or later.