March 19, 2020
The government has announced a $12bn economic stimulus package to assist with Coronavirus. Here are some of the key tax proposalsThese changes are yet to be passed through law and some of the specific information is yet to be finalised. Most changes are proposed to have an e...
COVID-19Tax TipsCashflowGSTAgBizAccountantsGST requirementsIncome TaxPay Less TaxTax Efficiency and Business StructureBorrowingBusiness Health CheckBusiness LoansBusiness lunchesBuying a homeCapital GainsCash and ProfitCompany Tax LossesCompany's - tax rate of 28%Crypto TaxCryptocurrencyCryptocurrency Taxdeductible for taxEntertainment TaxFarming Deductions for Home OfficeFinancial expenditureFirst Home BuyerHome OfficeHome Office Expenses for Business OwnersHybrid BasisInterest DeductionInvoice BasisLoss Carry-BackLossesParents Gifting to ChildrenPartnership - taxed at each partner's marginal taxPayments Basisregistered for GSTStructuresTax ChangesTax DeductionTax PoolingTaxable PeriodTrust's - tax rate of 33%Understanding Taxvoluntary GST registrationWage subsidy