A key part of the government’s economic response to the coronavirus is to support business investment and cashflow by increasing the instant asset write off threshold and eligibility rules. But while the instant asset write-off has been around for several years, many small businesses haven’t taken advantage of them. So what is the instant asset write-off (IAW) and how can it help... View Article
If you’re wondering how you will manage the enormous business challenges presented by the COVID-19 crisis, the Australian Government has announced unprecedented assistance to help businesses of all sizes manage their cashflow and retain their employees. In a $130 billion assistance package announced on 30 March 2020, the government rolled out a six-month wage subsidy scheme designed to help employers... View Article
In a rapidly evolving response to the spread of COVID-19, the Federal Government’s second support package announced over the weekend has flicked the switch to more income support for retirees and workers. Between the first $17.6 billion package announced on March 12, and this latest $66.1 billion package, the emphasis has shifted from stimulus aimed at keeping businesses up and... View Article