Shannon Smit, Founder & Managing director of Smart Business Solutions. Shannon is extremely well positioned to provide an easy to understand summary of the packages through her position on the Australian Governments Board of Tax Advisory Panel. Over the past week, Shannon has been actively involved with the Board of Tax and Treasury to provide feedback on the economic stimulus options and the small business taxpayers that fall through the cracks in being eligible.
WEBINAR SUMMARY: Shannon will cover the following topics:
✅ What can you access from the stimulus packages (Federal & State Govt) and how?
✅ What are the banks doing?
✅ What should you be doing now to save your business and your employees’ jobs
✅ Business continuity planning measures and action items for consideration
IMPORTANT Please note - this was current as at March 27th. Since this webinar we have received more clarity on the business owners who receive distributions and dividends from their trusts and companies respectively. Unfortunately characterisation of these payments is NOT possible. Treasury has updated their advice on the website. PLEASE CONSULT YOUR ACCOUNTANT before making any decisions on this. Thanks!
Reflecting on the past 6 months, particularly since the effect of Coronavirus on financial markets, I am concerned that many investors do not have a clear and tailored investment strategy. My observations are that investors seem to be failing to understand one basic investment principle; 'The higher the return the higher the risk’.
The updated alternative tests released by the Commissioner of Taxation are broadly similar to the alternative tests that were released in connection with the original decline in turnover test. However, there are some key differences.
To access JobKeeper payments from 28 September 2020, there are three questions that need to be assessed:
Is my business eligible? Am I and/or my employees eligible? and What JobKeeper rate applies?
We’ve summarised the key details in this update.