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Foreign Income

ATO Tax Tip: Declare Your Foreign Income Tax tip: Do you earn income from overseas sources? Don’t forget to declare it on your tax return! Foreign income can include: • pensions and annuities • employment income • investment income • business income • capital gains on overseas assets. Learn more at link below ATO

2022-02-14T03:29:23+00:00October 12th, 2020|Categories: ATO Update, Financial News, Tax News|Tags: |

Australian Federal Budget 2020-21

Australian Federal Budget 2020-21 Treasurer Josh Frydenberg handed down Australia’s federal budget on Tuesday 6 October, detailing steps to boost an economy reeling from the impact of the COVID-19 pandemic. IN BRIEF The budget provides a long, debt-ridden road to recovery as the government announces spending measures to keep people employed and businesses functioning

2022-01-17T01:07:42+00:00October 1st, 2020|Categories: Financial News|Tags: |

JobKeeper 2.1: Updated infographic

JobKeeper 2.1: Updated infographic As the JobKeeper program is extended from 28 September 2020 to 28 March 2021, there have been numerous changes to the eligibility conditions, dates and other details of the program. It is imperative that tax professionals understand these changes and their implications when assisting clients who are engaging with the program.

2022-01-17T00:45:19+00:00September 30th, 2020|Categories: COVID19 Update|Tags: |

JobKeeper 2.1: further changes and what happens next_07/08/2020

JobKeeper 2.1: further changes and what happens next   On 21 July 2020, in light of the continuing COVID-19 crisis, the Government announced it will extend the JobKeeper program by six months to 28 March 2021. However, the worsening economic conditions in Victoria due to the Stage 4 restrictions have caused the Government to rethink the eligibility conditions

2022-01-17T00:03:54+00:00August 7th, 2020|Categories: COVID19 Update|Tags: |
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