The NSW Small Business Support Packages Have Updated!
The NSW Government has announced another round of support packages in relation to the current pandemic. As always, there are certain conditions that have to be met. These conditions are: You must have an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2021; and You must have…
Read MoreThe Biggest Traps With Capital Gains
Before you start investing, we highly recommend you understand the tax consequences of investing. Countless times will we see clients unexpectedly get tax bills because they were not aware of the consequences of their investments. Here are 3 key points to think about before you invest: Timing – this one is crucial for investment properties…
Read MoreDirector Identification Numbers – Why you should be prepared now rather than later
Director Identification Numbers (DIN’s) are a newly imposed law that requires directors of all companies to get a DIN. Here are the key dates: If you were a director at 31 October 2021, and are still a director of the same company, you need to get a DIN by 30 November 2022. If you have…
Read MoreListed Companies now Publicly Display JobKeeper Payments
ASIC’s website now publicly discloses JobKeeper information for all listed entities. This all sparks from the review on JobKeeper payments, in which $27 billion of the $89 billion paid out was to businesses that did not qualify. Keep an eye out as the ATO may ramp up investigations on JobKeeper claims where businesses incorrectly claimed…
Read MoreWelcome to Isaacs and Cole!
Welcome from the team at Isaacs and Cole! We are based in Laurieton NSW, and will be posting regular updates on all things tax on this blog. Watch this space for essential information to ensure you are prepared for the best tax outcome.
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