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Cheaper childcare, manufacturing shake-up headline Labor’s budget plans

Cheaper childcare, manufacturing shake-up headline Labor’s budget plans

by Shared by MyBusiness | Oct 11, 2020 | News

Mr Albanese announced a Labor government would introduce the Working Family Childcare Boost, scrapping the subsidy cap of $10,560 per child currently in place for families earning between $189,390 and $353,680 a year. Read more at MyBusiness. 
Omnibus budget tax bill introduced

Omnibus budget tax bill introduced

by Shared by Accountants Daily | Oct 8, 2020 | News

Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Bill 2020 now contains five tax measures that were announced in Tuesday’s federal budget. Read more at the Accountants Daily. 
Tax agent banned for rorting $20k from cash flow boost stimulus

Tax agent banned for rorting $20k from cash flow boost stimulus

by Maja Garaca Djurdjevic | Oct 8, 2020 | News

The TPB determined TLL breached the Code of Professional Conduct in the Tax Agent Services Act 2009 relating to competency, honesty and integrity and noted TLL attempted to rort the COVID-19 stimulus cash flow boost for over $20,000. The investigation into the case...
IPA warns retrospective tax cuts may not translate into cash soon

IPA warns retrospective tax cuts may not translate into cash soon

by Maja Garaca Djurdjevic | Oct 8, 2020 | News

The Institute of Public Accountants (IPA) has pointed out that the unfortunate news about the retrospective nature of these tax cuts is that they may not be realised by some until the end of the calendar year, which reduces the immediate impact on the economy.  “The...
Fenced in: The story of Australia’s travel ban

Fenced in: The story of Australia’s travel ban

by Maja Garaca Djurdjevic | Oct 8, 2020 | Features

As the coronavirus hit Australia’s shores in March, PM Scott Morrison called upon the Biosecurity Act and declared the country closed to all non-citizens and non-residents. Vowing to act “on the best available information to keep Australians safe”, the PM essentially...
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