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28/05/2020

Traditional owners in the Pilbara are left devastated after mining giant Rio Tinto detonates explosives near ancient heritage sites, destroying them.

26/05/2020

A German startup has developed a modular marine platform able to simultaneously generate energy from three different renewable sources.

28/04/2020

4 South Sudanese teenagers have built a robot to rid the world’s oceans of over 8.3bn tons of plastic pollution. The team displayed their invention an event

17/03/2020

Extract from Discovery Channels Mythbusters Episode 147 – "Flu Fiction" - http://tinyurl.com/q7xnlwd "Adam and Jamie consulted with an otolaryngologist and l...

16/03/2020

$17.6 Billion Coronavirus Economic Stimulus Package.

What does it mean to small & medium businesses:

✳️Tax incentives for business owners.

✅The immediate tax deduction threshold has been increased from $30,000 to $150,000.

✅Assets over $150,000 will attract an additional 50% depreciation rate of the asset cost in the year of purchase.

✅The tax benefit will be applicable for your 2020 tax return, which means you won’t see any benefit until you’ve lodged your 2020 return.

✅Eligible small and medium businesses will be provided with a 50% tax-free ‘cashback’ of up to $25,000 (and a minimum of $2,000) on their PAYG Withholding on wages between January 1, 2020, and 30 June, 2020.

✅Also eligible employers can apply for a wage subsidy of 50% of apprentice or trainee wages for up to nine months from January 1, 2020, to September 30, 2020. (Up to a maximum of $21,000 per eligible apprentice or trainee)

🚨Important Notice:

Please note that these tax incentives are not cashback incentives. Which means you need to spend the money & pay income tax in order to get the tax benefit.

The Morrison Government has today announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the coronavirus. Our targeted stimulus packag...