November 10, 2020
Looking to claim a tax deduction for transporting bulky equipment to and from work?
Normally, going to and from work is seen to be private travel. This means any expenses involved, such as running costs for your car, or public transport fares, are considered personal and so can not be claimed as a tax deduction. However, there is an exception that provides for claiming a tax deduction for transporting bulky equipment to and from work. read moreOctober 30, 2020
Tax cuts under the Personal Income Tax Plan: 2020-2021 and beyond
Stage 2 of the Personal Income Tax plan - we summarise the changes that have been implemented and provide some examples of the impact on personal income tax bills and weekly pay packets that result from those changes. read moreOctober 1, 2020
Round Three: $10,000 to $20,000 grants for eligible Victorian businesses
Round Three of the Business Support Fund program provides for one-off grants of $10,000 to $20,000, depending on your annual payroll in 2019-20. See eligibility criteria and link to apply. read moreAugust 7, 2020
Eligibility and payment amounts for the JobKeeper wage subsidy now and going forward
The JobKeeper wage subsidy program is a temporary Federal Government stimulus measure to provide support to Australian businesses that have been significantly impacted by coronavirus. As currently legislated, it provides for a flat rate $1,500 payment per eligible employee at eligible businesses, for each qualifying fortnight. This support is scheduled to end on 27 September 2020. However, the Treasurer has announced the program is to be extended to run through to 31 March 2021, although with some changes. read moreMarch 26, 2020
The Federal Government’s Stimulus Package to help Australia through COVID-19
The Federal Government has made two economic stimulus package announcements so far. These packages have now been legislated and most of the measures included have already taken effect. Below we go over the key measures to support businesses, then those to support individuals. read moreLooking For A Clear Picture
Of Your Finances?
Focus Accounting and Financial Group offer clarity and insight into your current position, as well as a reliable strategy for future success. For tailored accounting services, business advice, SMSF support and a partnership you can trust, book your free consultation today.
Location
- a. 1/88 Mair Street East, Bakery Hill VIC 3350
- p. (03) 5339 3200
- e. mail@focusaccountinggroup.com.au