Y Partners Blog

Coronavirus Stimulus Measures

This post discusses the Federal government and ATO measures in response to the Coronavirus (COVID-19) pandemic.

The main tax and super measures are:

  • enhancing the instant asset write-off;
  • an accelerated depreciation rate;
  • boosting cash flow for employers;
  • early release of super; and
  • reducing the minimum drawdown amounts.
Other measures include:
  • stimulus payments to households; 
  • additional support for income support recipients; and
  • guarantee of lending to SMEs. Read more…

ATO Bushfire Relief

The ATO has announced various measures to help businesses and individuals in local government areas impacted by the bushfires. Read more…

TaxWise Business News November

  1. Disclosure of business tax debts
  2. Are you holding vacant land?
  3. The end of $10,000 + cash transactions? 
  4. 7 tips to stay smart online and avoid cybercrime Read more…