SMATS Group: Australian Tax and Finance during Covid-19
Covid-19 is having significant and devastating outcomes that are affecting most of us, with restrictions in travel and movement, loss of life, newly imposed social-isolation, global economic fallout, business shut downs and rising unemployment.
To provide the important support during these difficult times, the SMATS Group have recently realeased a few articles and vidoes that provide information, clarity and guidance on the topics confronting many of us during this period of uncertainty and stress.
EXPAT FAMILY HOME CAPITAL GAINS TAX (includes 15 minute video)
The recent changes to Australian Capital Gains Tax may affect you if you are an Australian expatriate. If you have been contemplating selling your former family home in Australia in the near future, then you should seriously consider selling prior to the 30th June 2020 whilst the tax-free status still applies.
COVID-19 AUSTRALIAN MORTGAGE RELIEF
The Australian Government has been quick to act with financial support measures for home owners and landlords hose affected by Covid-19. Many banks are offering Mortgage Relief Packages if you are directly impacted and are unable pay your home loan.
BUSINESS SURVIVIAL STRATEGIES DURING COVID-19 PANDEMIC (includes 15 minute video)
Steve Douglas, SMATS Group Executive Chairman, discusses the serious issue of business survival during the uncertain and stressful Covid-19 crisis. This is a must watch video for any business owner or executive that provides essential insights and strategies to consider in order to survive during and beyond the pandemic. Since the Video production, the Federal Government has also announced a special Jobkeeper Allowance to help business retain staff over the next 6 months.
AUSTRALIAN TAX ISSUES – RESIDENCY FOR COVID-19 REFUGEES (includes 15 minute video)
Many people, including Australian expatriate and Australian visitors, are stranded overseas or grounded within a country due to unprecedented travel & health restrictions. With this in mind, it is important to consider how this could affect your Australian Tax Residency and assess if you are at risk of your worldwide income being taxable in Australia if you forced to remain in Australia.
Please feel free to share the recently published content as above with your community, who are welcome to contact the experienced and qualified staff of SMATS to discuss any concerns they may have. Click here if you would like to download a these links in a pdf to share.
