Several of the tax announcements from the 2020 Federal Budget have now been passed into law. These are applicable to both personal tax cuts and business concessions.
Small business is the backbone of the Australian economy so it comes as no surprise that the Morrison government is continuing to support them through Covid-19.
Now that the Government has handed down the Federal Budget and we have been bombarded with all its information, it’s time to gather all this intel and determine if you come out better or worse.
Assistance during the Covid-19 pandemic came to the public by way of an early release of a lump sum from your superannuation. The application deadline for the early release of super has now been extended.
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