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How small businesses can manage cash flow in a crisis

How small businesses can manage cash flow in a crisis

by Contributed by Greg Charlwood | Jun 25, 2020 | Blog

I’ve had many conversations with small-business owners over the years, and I’ve come to the conclusion that one of the most valuable things any small-business owner can do to build and manage a sustainable business is to invest the time and effort to get at least a...
TPB invites comment on proposed extension of BAS services

TPB invites comment on proposed extension of BAS services

by Maja Garaca Djurdjevic | Jun 25, 2020 | News

The TPB has called for opinions on new legislation enabling BAS agents greater scope following extensive consultations which revealed that the existing instrument, Tax Agent Services (Specified BAS Services) Instrument 2016, does not adequately define the scope of...
Critical SMSF issues surface from new trust income rules

Critical SMSF issues surface from new trust income rules

by Shared by SMSF Adviser | Jun 25, 2020 | News

Last week, both houses of Parliament passed Treasury Laws Amendment (2019 Measures No. 3) Bill 2019. The bill provides advisers with additional time to complete the FASEA exam and qualification requirements and also rectifies two anomalies arising from the super...
COVID-19 tax implications for rental property owners outlined

COVID-19 tax implications for rental property owners outlined

by Shared by MyBusiness | Jun 25, 2020 | News

Given that over 2.2 million Aussies claimed just under $50 billion in rental deductions in 2017–2019, the Tax Office has flagged potential misperceptions, detailing deductions that are and are not available under the law. Read more at MyBusiness. 
ATO JobKeeper termination letters set to debut as professional bodies push back

ATO JobKeeper termination letters set to debut as professional bodies push back

by Shared by Accountants Daily | Jun 25, 2020 | News

The ATO is set to commence notifying JobKeeper business participant claimants who have been considered not to have satisfied the JobKeeper entitlement requirements. Read more at the Accountants Daily. 
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