Money
Is the RBA to blame? The economic state of play
The politicians have weighed in on the Reserve Bank of Australia’s economic policy and their reticence to reduce interest rates in the face of community pressure. We look at what […]
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Warning: Beware of Redrawing Investment Loans
The Australian Taxation Office (ATO) has raised concerns regarding the incorrect reporting of rental property income and expenses, resulting in an estimated annual loss of $1 billion in tax revenue. […]
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Self-Education Expenses: What You Can Claim
Heaney Business Group provides insights into the latest developments from the Australian Taxation Office concerning self-education expenses. Explore the nuances of deductibility in self-education expenses and what falls within the […]
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Claiming Crypto Losses
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are […]
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The Road to Recovery? Federal Budget 2020-2021 Update
The Federal Budget 2020-2021 is a road to recovery paved with cash. Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion ‘JobMaker’ Hiring Credit to […]
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Question of the month – Tax on COVID-19 Grants
My business received a grant from the State Government. Do I pay tax on it? Short answer; probably. Income tax – Grants are likely to be taxable unless they are […]
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Has COVID-19 devalued your business?
If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact […]
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JobKeeper Alert
With the employee test date for JobKeeper moved to 1 July 2020, some additional employees might have become eligible for JobKeeper. The August JobKeeper monthly business declaration is due by […]
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What now? Where to get help if you need it?
Help for business JobKeeper 2.0 The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not […]
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Your questions answered
During the lockdown, I have had to work from home. I’ve set up a full home office with paintings, plants, a desk, computer equipment, a water tower and a sculpture. […]
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