One of the measures announced in the 2020-21 Budget was the temporary immediate expensing of depreciating assets. These rules allow businesses with an immediate deduction of 100 per cent of the cost of eligible depreciating assets. When is the eligibility period? The rules apply from budget night 6 October 2020 and will run through until 30 June […]
READ MORETransfer Balance Cap Increase
From 1 July 2021 the Transfer Balance Cap* (TBC) will increase by $100,000 from $1.6M to $1.7M. However, only members who have not yet commenced a pension will be eligible for the full increase with a new cap of $1.7M. If you have an already established pension, you will receive a proportional increase based on the unused […]
READ MOREWorking ON your businessā¦ not IN your business
Many business owners become frustrated when their advisers don’t understand them or their business as well as they would expect. Whilst many business owner’s goals are similar, from an adviser’s perspective, there is such a wide variety of both long-term and short-term objectives that business owners have. Overlay these with the differences each business owner […]
READ MORE2020/21 Federal Budget ā Road to Recovery?
Treasurer, Josh Frydenberg has delivered the Coalition Government’s Federal Budget 2020-21. Rather than focusing on bringing the budget back to surplus which has been the case in previous years, this year it is focused on rebooting the economy and creating jobs. Taxation JobMaker Hiring Credit Economy 2020/21 Federal Budget Highlights Taxation The Morrison Government will […]
READ MOREFunding for the Arts
The funding for the arts; Arts and Cultural Recovery Package includes a range of measures to strengthen the sector’s foundations for the future, drive new creative work, employ artists and arts workers, retain our skilled and talented creatives, and importantly, ensure the activation of our venues. $11.3m to assist in offsetting revenue losses and stabilise businesses […]
READ MORE$2.5 Billion Dollar Job Training Package
The government has announced $2 billion – to be augmented by another $500 million from the states – for a skills package to boost training and job creation. The JobTrainer skills package will guarantee support for thousands of apprentices in jobs across the country by subsidising their wages to keep them employed and their training […]
READ MORE$10k Small Business Grant ā Round 2 Open 1 July 2020
$10k Small Business Grant ā Get Your Application Ready for lodgement on 1st July We anticipate the demand for the second round of the Business Adaption Grant will be very high. With the next round of funds being split evenly between regional & SEQ, we believe the time you will have to lodge your application […]
READ MOREQLD Small Adaption Grant
This grant will assist QLD small businesses who have been forced into hibernation, or who had to significantly change business operations as a result of the pandemic. The program aims to help small business prepare for safe resumption of trading and recovery and access new opportunities to relaunch their business. The grant amount is a […]
READ MOREGP Research Grant for COVID-19 Impact
RACGP Foundation and HCF Research Foundation are offering a Research Grant to General Practitioners for Impact of COVID-19 on General Practice. Purpose: Research to understand the impact of the COVID-19 pandemic on general practice. (e.g. the use of telehealth and telehealth item numbers and evaluation of COVID-19 clinics) Funding provided by RACGP Foundation and HCF […]
READ MOREBoosting Female Founders Initiative
Walsh Accountants can help you apply for the Boosting Female Founders Initiative which provides female founders of startup businesses with government funding to launch and scale their businesses into domestic and global markets. It will help female entrepreneurs overcome the disadvantages they face in getting access to finance and support, to grow their startups. Targeted […]
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