by Chan & Naylor | Oct 19, 2020 | Business
Enhanced access, quality and safety in aged care The 2020-21 Budget provides a record level of $2.0 billion support into aged care over four years to progress reforms to deliver improved outcomes for consumers and providers. Support for consumers includes: $1.6...
by Chan & Naylor | Oct 19, 2020 | Business
The Budget has introduced temporary measures intending to stimulate business investment and deliver further cash flow benefits. Key insights To assist eligible businesses impacted by COVID-19, temporary tax loss carry-back measures have been introduced to offset...
by Chan & Naylor | Sep 15, 2020 | Business
Welcome to Part Three of The Business Support Fund – Expansion. If small business has a choice, I am sure that they would prefer to have not been affected over the past six months by COVID-19 and would like to operate under normal circumstances like many other small...
by Chan & Naylor | Sep 15, 2020 | Tax and Accounting
The Comprehensive Credit Reporting has improved credit scores of many Australians since 1 July 2018. In fact, recent data show that almost half of Australians have improved their credit scores with the new reporting scheme. But what is Comprehensive Credit Reporting...
by Chan & Naylor | Sep 15, 2020 | All, Property
Family guarantee or guarantor home loan is a kind of agreement between the borrower and the lender that enables the borrower to get a home loan using the equity in his family’s home. It serves as a security for part or for your entire mortgage. Family could be...
by Chan & Naylor | Sep 15, 2020 | Property, Supers, Tax and Accounting
Reasons for setting up an SMSF Most people invest their Superannuation in Retail or Industry Superfunds with their employers making contributions of Super guarantee contributions and sometimes salary sacrifice. Fund managers then make investment selection on behalf of...
by Chan & Naylor | Sep 8, 2020 | Property
Should you invest in property this 2020 while there is a pandemic? As people the world over panic and the economy grinds to a terrible halt with Australian property experts painting a grim future for the property market, you most probably have set aside your plans to...
by Chan & Naylor | Sep 2, 2020 | Business, Tax and Accounting
An understatement is that this has certainly been a difficult year, and we are certainly seeing that many businesses have made a tax loss. A tax loss is when the total deductions you can claim, excluding gifts and donations, are greater than your total income for any...
by Chan & Naylor | Sep 2, 2020 | Business
IF your business has received a grant or payment from the Australian Government or a State or Territory Government, you may need to include it in your tax return. Some grants and payments are assessable income and so need to be included in your tax return. Grants and...
by Chan & Naylor | Aug 4, 2020 | Property
Melbourne house prices are proving to be stable even in the midst of the pandemic. But it’s not without rhyme or reason that, while other sectors and even other property markets across Australia have declined, Melbourne house prices are holding. Property market...
