Month: March 2020

With the rapid spread of Coronavirus, the government has announced increased measures to assist individuals and small to medium business. Increase in the credit for PAYG Withholding Early access to superannuation Superannuation minimum pension amounts halved Victorian Payroll Tax waived Victorian Land Tax deferral   Boosting cash flow for employers An increase in the credit…

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  Economic response On 12 March 2020, the Government announced its economic response to novel coronavirus (COVID-19). Subject to passage of legislation, ATO will implement a series of administrative measures to further assist Australians experiencing financial difficulty as a result of COVID-19.   Enhancing the instant asset write-off The government is increasing the instant asset write-off…

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