Posts by Success Tax Professionals
Temporary relief for financially distressed individuals and businesses
On 24th March 2020, the Federal Government’s Coronavirus Economic Response Package Omnibus Act 2020 came into force.
Read MoreTax-Free Payments of $750 to Eligible Recipients
The Government is providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession cardholders.
Read MoreTemporary Early Release of Superannuation
The Government is allowing individuals affected by the Coronavirus to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21.
Read MoreTax agents are considered essential services
Tax agents are considered essential services and should continue providing services if they can practice social distancing.
Read MoreIncome support for sole traders
The Federal Government has established a new, time‑limited Coronavirus supplementt be paid at a rate of $550 per fortnight.
Read MoreAssign a lease to get rid of rental expenses
Assigning a lease transfers your rights under the lease to the new tenant. Your rental expenses for this lease falls to zero.
Read MoreIncrease sales to reduce rent as a % of sales
As rent is a fixed cost, increasing sales will reduce the rent cost as a percentage of sales.
Read MoreHow can a tax agent business survive a coronavirus outbreak?
Our health is important but how does our tax agent business survive? Scott Morrison announced yesterday that Australia is declaring COVID-19 a “pandemic”.
Read MoreNegotiate lease incentives to cut costs
Leasing incentives are financial concessions that landlords make to prospective tenants to entice them to commit to a binding lease agreement.
Read MoreDemand a rent reduction – It’s the law
Although your lease agreement is a contract with your landlord, it will containclauses regarding rent reduction in certain circumstances.
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