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SUPPORT FOR BUSINESSES There are three business assistance programs being made available, and while some are jointly funded by the Commonwealth, all are administered by the NSW Government, and NOT by the ATO. The three programs are: Once off payment of up to $15k “Saving jobs” payment...

Mandatory superannuation – called Superannuation Guarantee - is well established in Australia. It is calculated by employers based on an employee’s (or in certain circumstances, a contractor’s) ordinary earnings, and paid regularly by the employer to the employee’s superannuation fund. Currently superannuation guarantee is calculated at 9.5%...

The ATO on Thursday urged all taxpayers to be aware that, while the temporary shortcut method will remain available to those claiming work-from-home deductions this year, personal and occupancy expenses, among others, cannot be claimed through any method. If you are working from home, you can't...

Senator the Hon Michaelia Cash has released the following update to assist Small Businesses and Households impacted by COVID-19 Bridging Funding for JobKeeper Australian banks are playing a vitally important role in bridging the finance that businesses need to pay their staff ahead of receiving the first...

We have created a interactive Stimulus Portal to determine what programs you or your business qualifies for. Please Share with anyone you care about!!! https://stimuluspackagegrants.com.au/JCABrehmer...

We are indeed in unprecedented times, and the Government has reacted swiftly with two stimulus packages. Together they are intended to Quickly provide additional cash flow to small and medium businesses who employ people, Assist employees and sole traders with social safety net support if they...

Welcome to the forty-third edition of our biannual newsletter, Maverick. From confirming the facts on the new residential depreciation legislation to investigating the growth in the commercial office space, here’s what’s featured in our latest edition. Happy reading from the team at BMT Tax Depreciation. FEATURED Plenty of lucrative deductions...