taxation

Commonwealth COVID-19 Disaster Payment The COVID-19 Disaster Payment was originally announced on 3 June 2021 in response to the May/June 2021 Victorian lockdown (and made applicable to future Commonwealth declared hotspots such as in NSW, Victoria, Queensland and South Australia). Its primary aim is to provide weekly assistance to eligible individuals (i.e., eligible full time, […]

Covid 19 Government Grants and Assistance The COVID-19 Disaster Payment was originally announced on 3 June 2021 in response to the May/June 2021 Victorian lockdown (and made applicable to future Commonwealth declared hotspots such as in NSW, Victoria, Queensland and South Australia). Its primary aim is to provide weekly assistance to eligible individuals (i.e., eligible […]

  The Victorian Government has launched the $250 million Circuit Breaker Business Support Package to assist small to medium businesses and sole traders, under the circuit breaker restrictions announced on 27 May 2021. https://business.vic.gov.au/grants-and-programs/circuit-breaker-business-support-package The package will support businesses unable to operate due to these necessary public health measures, including targeted support for the events industry. […]

Reducing debt is easier said than done. We all borrow money at some stage in our lives, whether it be to buy a house, buy a care or start a business.  Whilst debt leveraging treated as a useful wealth-building tool, in most cases reducing all debt will result in a higher standard of living. The […]

Under the Income Tax Assessment (Eligible State and Territory COVID-19 Economic Recovery Grant Programs) Declaration 2020, Mr Frydenberg declared as tax-free funds received in Victoria under the Alpine Business Fund, the Business Support Fund 3, the Licensed Hospitality Venue Fund, the Melbourne City Recover Fund – Small business reactivation grants, the Outdoor Eating and Entertainment […]

https://www.ato.gov.au/general/property/residential-rental-properties/rental-expenses-you-can-claim-now/