Mixed response to RBA rate rise
There has been a mixed response from employer and industry groups to the Reserve Bank’s rate rise on Tuesday (5...READ MORE
Small businesses who pay an accountant or bookkeeper to apply for a tax-free COVID-19 grant on their behalf will not be able to claim a tax deduction for that service, under new guidance published by the ATO.
The guidance comes as Treasurer Josh Frydenberg declares a number of New South Wales and Victorian COVID-19 business support programs to be eligible for non-assessable non-exempt (NANE) income treatment.
Read more at MyBusiness.