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Commercial Tenancy Code of Conduct

Commercial Tenancy Code of Conduct

The National Cabinet has released details of a Mandatory Code of Conduct which was developed to impose regulations on how Landlords and Tenants should manage commercial tenancies during the Covid-19 crisis.

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Thursday 9th April 2020    


Increased instant asset write off

Increased instant asset write off

From 12 March 2020, the instant asset write-off threshold will increase from $30,000 to $150,000, and access to the write-off will be expanded to include businesses with aggregated annual turnover of less than $500 million until 30 June 2020.

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Monday 16th March 2020    


Apprentice Wage Subsidy of 50%

Apprentice Wage Subsidy of 50%

Further first round Economic Stimulus has been released from the Morrison Government allowing eligible employers to apply for a wage subsidy of 50% of an apprentice’s wage for up to 9 months from 1 January 2020 to 30 September 2020. The payments are accessible to businesses with less than 20 employees. Employers will receive up to $21,000 per apprentice ($7,000 per quarter).

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Monday 16th March 2020    


Economic Stimulus Tax Free Payments for Businesses

Economic Stimulus Tax Free Payments for Businesses

The Morrison Government has improved on its first round Economic Stimulus package in an effort to boost cash flow for employers as a result of COVID-19. Originally the Morrison Government had pledged tax-free payments to small and medium sized businesses of up to $25,000.

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Monday 16th March 2020    


ATO Targets Cryptocurrency Sales

ATO Targets Cryptocurrency Sales

The ATO is shortly set to undertake a mass mailout of up to 350,000 individuals prompting them to ensure they declare gains made on sale of cryptocurrencies.

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Wednesday 11th March 2020    


New QBCC Annual Reporting due 31 December

New QBCC Annual Reporting due 31 December

31 December 2019 marks the lodgement due date for the Queensland Building and Construction Commission's new Annual Reporting Requirements.

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Thursday 5th December 2019    


ATO targets unlodged Trust TFN Reports

ATO targets unlodged Trust TFN Reports

The ATO has confirmed they are targeting trustees that have failed to lodge TFN reports with them. A TFN report is to be completed by the trustee of a closely held trust to report tax file numbers (TFNs) and other personal details quoted to them by beneficiaries of the trust.

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Friday 8th November 2019    


ATO targets Brisbane based small businesses

ATO targets Brisbane based small businesses

Commencing October 2019 the Australian Taxation Office is sending an audit task force to the inner suburbs of Brisbane after several tip offs from community members that businesses were partaking in the black economy.

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Friday 27th September 2019    

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