Money
Are student loans too big?
Australian voters tend to reject US style education favouring more egalitarian systems where income does not determine access. In the US, average student debt is USD $37,693 (public and private […]
Read More
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 […]
Read More
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. […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More