Covid-19 Updates

NSW covid-19 support package 2021

NSW Covid-19 Support Package July 2021

By Wen Wen / July 16, 2021

Covid-19 disaster payment In a combined NSW and Federal Governments statement, Covid-19 support packages have been announced, which include: COVID-19 disaster payment From week four of a lockdown because of a declared hotspot, the COVID-19 disaster payment will increase to $600 if a person has lost 20 or more hours of work a week or […]

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tax obligations for landlords - changes due to covid-19

Tax Obligations For Landlords | Changes Due to Covid-19

By Wen Wen / July 13, 2021

Tax implications of rent concessions There may be tax implications when you give or receive rent concessions as a result of COVID-19. It’s important to understand these changes and your obligations as a landlord or tenant. The rent concession can be: A waiver: the tenant no longer needs to pay the amount of rent that […]

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covid-19 rent concessions and its tax implications

Tax Implications Of COVID-19 Rent Concessions

By Wen Wen / June 29, 2021

Understanding your obligations as a landlord or tenant There may be tax implications when you give or receive rent concessions as a result of COVID-19. It’s important to understand these changes and your obligations as a landlord or tenant. The rent concessions can be: A waiver – the tenant no longer needs to pay the […]

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working from home benefits during Covid-19

Employee Benefits When Working From Home During Covid-19

By Wen Wen / March 30, 2021

Do you provide employees with work from home benefits? If an employer has provided their employees with benefits to enable them to work from home over the past 12 month, here are fact sheet which can help them work out which benefits attract fringe benefits tax, including reductions in taxable value, and which may be […]

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Changes to vehicle fbt rules under Covid-19

Changes To Vehicle FBT Rules Under Covid-19

By Wen Wen / March 24, 2021

Other changes to vehicle FBT rules The special circumstances that coronavirus has thrown our way look like having some very practical outcomes on certain areas of fringe benefits tax. One of the most prevalent and well-established categories of fringe benefits centres on the provision and use of vehicles. The parking of a car, for instance, […]

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New Loss Carry-back Measure (Summary)

By Wen Wen / December 21, 2020

The last Federal Budget announced a number of tax changes designed to assist the Australian economy recover from the impact of the COVID-19 pandemic. Among the changes announced was the temporary re-introduction of the loss carry-back rules for corporate tax entities (it was previously briefly in force for 2012-13). The ability to carry a loss […]

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