Tax depreciation schedules are one of the most significant yet under-utilised tools available for property investors to maximise their returns. However, a large proportion of people still fail to realise the benefits of ordering a tax depreciation schedule. It is now estimated that through depreciation landlords could claim back between ten and forty per cent…
The year is going so quickly that June 30th will be here before you know it. And, June 30th means one thing – end of the financial year (EOFY). To ensure you meet the deadline, it’s time to get your personal and business finances in order. Thankfully, by following some simple tips, preparing for tax…
In response to the damage which businesses have suffered due to the effects of the Covid-19 pandemic, the government has introduced a suite of measures designed to provide an economic stimulus, promoting growth and recovery. One of these measures related to a temporary increase in the instant asset tax write-off value. Intended to enable businesses…
With the Covid-19 pandemic having wreaked havoc on the national economy, the government has responded proactively, putting in place a series of economic stimulus measures. Initial measures concentrated on providing businesses with the short-term tax relief and income they needed to pay employees and essential overheads during the time when lockdown measures were most stringent….
Virtually every industry in the country has taken a massive economic hit as a result of the Covid-19 pandemic. From businesses being unable to operate through to demand disappearing overnight, many organisations are facing a parlous future. Both property developers and property owners have been adversely affected by the pandemic: with construction slow or non-existent,…
As part of a stimulus package to deal with COVID-19, the ATO has introduced the JobKeeper payment scheme. If you are a business owner, then the team here at Pherrus can help you through this crisis and provide all the crucial accounting advice to help you survive and thrive. Already signed up for the JobKeeper…
The global pandemic is affecting businesses across the globe. As part of economic stimulus measures, governments and councils are providing a variety of funding options to try to help businesses pull through in these difficult times. If you have a business in the City of Sydney area and are in need of assistance, a grant…
With businesses suffering hardship due to the effects of the Covid-19 pandemic, the government has put in place a number of different measures to provide them with a financial helping hand until they can start trading at more usual levels. One of the financial stimulus measures which have been put in place is the cash…
Almost every business across the country is beginning to feel the impact of the COVID-19 pandemic in one way or another. The need to slow the spread of the coronavirus has prompted both national and state governments to take dramatic action to reduce the likelihood of passing on the infection. At the time of writing,…
The necessary government restrictions on economic activity which have been put in place in an attempt to reduce the spread of COVID-19 have had a devastating effect on many businesses. For some, corona virus has meant an immediate cessation of trading; for others, the impact of the virus has been more subtle, but potentially as…