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Exclusive news on our products and services. Stay up to date, and keep informed of tips, tools, grants, news, and events to help you start, run and grow your business.
Small Business Tax Concessions
Access to a range of tax concession currently available to only those businesses with aggregated turnover under $10 million has been expanded
JobMaker Hiring Credit
To counter the impact of COVID-19 on the employment of young people, the JobMaker Hiring Credit has been introduced to incentivise employers to hire young job seekers aged between 16 and 35.
Further Extension to Instant Asset Write-off
From 7:30pm on 6 October 2020 until 30 June 2022, businesses with an aggregated annual turnover of less than $5 billion will be able to deduct the full cost of eligible depreciable assets of any value in the year they are acquired.
Export Market Development Grant – EMDG
The Government has announced that it will be introducing changes to the EMDG program, to simplify the scheme beginning 1 July 2021.
Modern Manufacturing Strategy
Investment of $1.5 billion in new funding for the manufacturing sector has been announced. Over the next four years the Modern Manufacturing Strategy is aimed at making Australian manufacturers more competitive and able to scale-up.
Loss Carry-back
In a measure designed to provide cash flow support to previously profitable businesses severely impacted by COVID-19 and now running at a loss, the Government has re-introduces a “loss carry-back” mechanism
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Suite 15/8 Tuck Street
Moorabbin VIC 3189
Level 14, 333 Collins Street, Meblourne VIC 3000
(03) 9555 3551
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