State and Federal Government COVID-19 economic response measures

By William Buck on 06/04/20 - Mins to read: 4 minutes

If you are operating a significant global entity (SGE) which is being impacted negatively by the implications of COVID-19, you may be eligible to receive State or Federal Government assistance. Below is a comprehensive list of Government response measures with commentary on whether they are available to SGEs and if...
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Personal Services Income (PSI) – Does it apply to your structure? – Part 1

By Scott Lindeblad on 06/04/20 - Mins to read: 4 minutes

One of the most common questions we hear is ‘how can I reduce my tax?’. Most people want to pay as little tax as possible and will often structure themselves in order to achieve this. Unfortunately, there are rules that prevent this from occurring, particularly where artificial arrangements are made...
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Sharing economy: Tax Risks for Australian short-stay Hosts

By Mario Giramondo on 06/04/20 - Mins to read: 4 minutes

Over the summer holiday break, you or someone you know may have rented out part of/all their property, apartment or unit via a sharing economy platform like Airbnb, Home Away or Flipkey. By doing this, you have contributed to the “sharing economy”. Renting out a room can impact your ability...
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