12/03/2020: BDO's Mark Molesworth ha… He noted that the government had committed more than $1.6 billion in extra resources to aged care since the beginning of the COVID crisis, and had immediately committed a further $40 million in relation to various measures.
RELATED: Tax cuts all but confirmed by Prime Minister. Tasmania will get a $350 million boost including $150 million for Midway Point and Sorell causeways in Tasmania. News.com.au can reveal that the timing of promised tax cuts, due to begin in July 2022, have been brought forward. More than $500 million will be provided for Victorian rail upgrades. Another $200 million will improve reliability on the Warrnambool to Geelong link, and upgrades to the line between South Geelong and Waurn Ponds will be brought forward. COVID-19 Response. The changes will be included in the Budget and will happen in three phases. RELATED: Flight Centre to close 90 stores, Small businesses will get access to tax breaks and cuts to red tape.Source:istock. Posted On March 16, 2020 By admin In Taxation. The Manufacturing Modernisation Fund will also be given an extra $52.8 million to provide grants of between $100,000 and $1 million on a three-to-one funding basis for transformational investment in technologies and processes. The government is also considering possible changes for workers that pay for their own training. Picture William West/AFPSource:AFP. November 6, 2020 Under Secretary Keith Krach’s Travel to Central and South America to Advance the Clean Network and Strengthen Cooperation on Environment November 6, 2020 Media Note About 20,000 small businesses will get access to tax breaks and cuts to red tape. Calculator $ Enter your taxable income and then submit for an estimate of your tax relief.
The $1.2 billion program will run until September 21 or until the 100,000 cap is reached.
In NSW, $2.7 billion will be poured into roads over the next four years, including $560 million for the Singleton Bypass on the New England Highway, $360 million for the Newcastle Inner City Bypass and $120 million for the Prospect Highway upgrade.
• July 1: Eligible businesses will be able to immediately deduct certain start-up expenses and certain prepaid expenditure; • April 1, 2021: Eligible businesses will be exempt from the 47 per cent fringe benefits tax on car parking and multiple work-related portable electronic devices, such as phones or laptops, provided to employees; • July 1, 2021: Eligible businesses will be able to access the simplified trading stock rules, remit pay as you go (PAYG) instalments based on GDP adjusted notional tax, and settle excise duty and excise-equivalent customs duty monthly on eligible goods.
The government will also invest an extra $1.5 billion in manufacturing over four years, with most of this money going towards the $1.3 billion Modern Manufacturing Initiative (MMI), a co-investment fund for large projects. The exemption can be claimed as long as there is a formal agreement about the living arrangement in place. In Queensland this includes $750 million for the first stage of the second M1 between Logan and the Gold Coast, $112 million for duplication of the Centenary Bridge, and a $76 million commitment for stage two of Riverway Drive, in the state election battleground of Townsville. Road and rail projects worth more than $7.5 billion will be fast-tracked around Australia. The urgent areas that the inquiry calls for action on include: • The deployment of accredited infection prevention and control experts into aged care homes across Australia; • More funding to providers to ensure there are adequate staff available to deal with external visitors, and. In South Australia, there will be $200 million for Hahndorf Township upgrades, as well as $100 million to seal the notorious Strzelecki Track, a key oil and gas freight route. Personal tax cuts, huge infrastructure spending, and expanded first homebuyer incentives are all part of Budget measures being released. By The Canadian Press | News, Politics | January 14th 2020. JobMaker Plan.
Treasurer Josh Frydenberg announced on Friday businesses with an aggregated annual turnover between $10 million and $50 million will have access to up to 10 tax concessions. RELATED: Morrison’s gas-led recovery questioned, Prime Minister Scott Morrison says the government will invest $1.5 billion in manufacturing.
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