Worried about Div 7A danger from COVID-relaxed loan repayments?
The ATO has clarified its position regarding loans and states that “allowing more time to replay a debt due to COVID-19 will not result in the debt being treated as forgiven.”
Month: October 2020
December deadline for NSW discretionary trusts on land holdings
The NSW Government’s changes to surcharges for ‘foreign persons’ for duty and land tax are now law and apply to NSW residential land held by discretionary trusts.
JobKeeper changes that you need to know
JobKeeper rules and payment rates have changed, including the decline in turnover test now being based on actual GST turnover. We breakdown what businesses need to know to re-test their eligibility.