Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORETax-free treatment of COVID-19 grants to be extended
State and territory grants issued to small businesses in response to COVID-19 will continue to be tax-free under a new bill introduced into Parliament.
Treasury Laws Amendment (COVID-19 Economic Response) Bill 2021 has now been introduced into Parliament, extending the application of the non-assessable non-exempt income status to eligible business support grants received in the 2021–22 financial year.
Read more at Accountants Daily.
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