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The raft of measures announced by the Government in response to coronavirus, has certainly propped up many businesses in the short term, with many being able to take advantage of JobKeeper and JobSeeker programs.
With many of the COVID-19 support measures carrying over into the 2020-21 financial year, BDO Tax partner James Trainor outlines the key measures businesses and individuals need to be aware of.
With normal operating barriers suspended due to COVID-19, now is a perfect time to consider opportunities to innovate and evolve existing business models, according to BDO Australia’s Tanya Titman, Head of Strategic Innovation, and Nicholas Martin GAICD, Partner, Advisory.
Your business may be in an uncertain economic position, but compliance still has to be done. Government stimulus packages, payment deferrals, rent concessions and more may have all impacted your position moving into EOFY, and these all present their own unique reporting challenges.
The Assistant Treasurer has announced revised start dates for several tax measures, including some for which enabling legislation has yet to be introduced including targeted amendments to the Division 7A rules and removal of the CGT discount at the trust level for Managed Investment Trusts (MITs)...