Skip to main content

Capital Loss from Shares to Reduce a Capital Gain – Another Jewel from our Treasure Chest

Welcome to the Small Business Treasure Chest. I have opened the lid of the chest and found another amazing jewel once again to share with you. If you have missed our previous Jewels , check them out HERE.   This  jewel I have found, is all about Capital Gains Tax and Shares. If  you have a Capital Gain in 2020, you can reduce this Gain with a capital loss. Now…

Continue Reading

Another Jewel with Superannuation to help you reduce your tax bill for 2020

Welcome to the Small Business Treasure Chest. I have looked inside our chest again and found another two amazing super tricks to share with you. Join me over the next few weeks to view other very helpful tips that will help you reduce your Income Tax for 2020. This jewel again involves  Superannuation Contributions. How would you like the government to contribute to your super? Sure you would!  We all…

Jewel #3 from our Treasure Chest to Reduce your tax bill for 2020

Welcome to the Small Business Treasure Chest. I have looked inside our chest again and found some amazing jewels to share with you. Join me over the next few weeks to view these very helpful tips that will help you reduce your Income Tax for 2020. The third jewel I have found is all about Superannuation Contributions. The maximum amount a person can contribute to their superfund for 2020 without…

Jobkeeper Payment Rules – 10 Key Questions

Many of my  clients and business owners have been asking me about how the  Jobkeeper Payment scheme will actually operate. Below are some of the most relevant questions that apply to small  businesses.   Question 1 Can a sole trader who has employees also qualify for the JobKeeper Payment? Answer is Yes. On the basis that the sole trader’s business has satisfied all the requirements to qualify for the JobKeeper…

3rd Stimulus Package – Examples of the Jobkeeper Payment

1) Employer affected by Covid-19 with multiple employees Adam owns a business whose turnover has declined by more than 30% as a result of the downturn due to the Coronavirus. The business had the following three employees as at 1 March 2020: • Anne, who is a permanent full-time employee and who continues to work in the business earning a gross salary of $3,000 per fortnight. • Nick, who is…