Business consulting
The Queensland Government Announces the Business Growth Fund Program
The Business Growth Fund Program (BCF) is a new program announced by the Queensland Government.…
Business consulting
Australia’s Small Business Sector Needs to Create 210,000 More Jobs to Ensure Full Economic Recovery
New research released by Xero on Wednesday 5th May illustrates that Australia was one of…
Business consulting
The Queensland Government’s Small Business Covid-19 Adaption Grant Program
The purpose of the Queensland Government’s “Small Business Covid-19 Adaption Grant Program” is to support…
Hospitality
Victorian Government Announces Support for Businesses Impacted by Covid-19 Lockdown
The Victorian Government has announced new support for small businesses, including sole traders which have…
Business consulting
Related party premises leases
When applying the Small Business CGT Concessions, one of the threshold tests is firstly determining whether the asset being disposed of is an active asset. Pursuant to section 152-40 of the ITAA97, properties used mainly to derive rent are not classified as active assets unless the property is being used in the business of a connected entity or an affiliate of the taxpayer.