Small businesses and primary producers may be eligible for low-interest Disaster Assistance loans of up to $250,000. These loans are to provide small businesses or primary producers, whose assets have been significantly damaged as a direct result of an eligible disaster, with low-interest loans to help in their recovery efforts. Read more here.
Grants of up to $50,000 are now available for affected producers following Central Southern Western Qld Rainfall and Flooding during 10 November – 3 December to hire or purchase equipment and materials, clean up, remove debris, replace fencing and other costs associated with the recovery process. Read more here.
Support is now available for employees who need to self-isolate or quarantine due to COVID-19. Pandemic Leave Disaster Payment is a lump sum payment to help you during the time you can’t work and earn income if you need to self isolate or quarantine, or care for somebody who has to self isolate or quarantine due to COVID-19. Read more on eligibility here.
We are very pleased to announce our expansion into New Zealand and we warmly welcome Tadius Munapeyi to the Hall Chadwick Association. Read more here.
As small businesses celebrate Christmas with staff parties, it is important to remember the Fringe Benefits Tax (FBT) implications for non-FBT exempt organisations. Read more on the tax considerations for your business celebration.
Scammers are becoming increasingly sophisticated in their methods often going to great lengths to prove their offer is “legitimate”. Their approach can be so sophisticated and smooth the scam can be difficult to spot, despite our increased awareness. We list some of the most common scams and how you can avoid them.
Merry Christmas from the team at Hall Chadwick QLD. Our office will close Thursday 23 December 2021, at 5pm and reopen Tuesday 4 January 2022.
The Federal Government recently announced an extension to the temporary reduction in minimum pension requirements until 30 June 2022. Read more about this extension here.
The ATO has begun exercising their power to warn small businesses who have over $100,000 in debts. These warnings state their position that the ATO will disclose their tax debts to credit reporting agencies if they do not cooperate to manage the debt.
In our video series Audit Director, Clive Massingham talks through common SMSF breaches and how to look out for them. Click through to watch the full video of this important topic alongside a transcript.