May 2022 edition
The latest tax updates for you and your business
Keep up to date with the latest Australian and International tax news from our market-leading experts.
THE TAX LIBRARY
TAX CHATS: JUNIOR MINERALS EXPLORATION INCENTIVE
Applications for the JMEI scheme open on 1 June, and are assessed in order of receipt. As the pool of credits is limited, junior explorers wishing to access the incentive will need to apply as soon as possible.
DOES YOUR SMALL BUSINESS QUALIFY FOR THE HARDSHIP GRANT?
The Small Business Hardship Grant, announced by the Western Australian Government, is designed to relieve some of the financial difficulties businesses are facing as a result of recent COVID-19 mandates.
EARLY STAGE INNOVATION: AN OVERVIEW OF THE ESIC TAX CONCESSION
In order to encourage new investment in small Australian innovation companies with high-growth potential, the Government has introduced two ESIC tax concessions.
TAX PLANNING FOR BUILDING AND TRADE BUSINESSES
We have compiled a list of 5 reasons why you shouldn't avoid tax planning for your building and trade business. With the current building boom and changes to the asset write off rules, it is more important than ever to plan ahead (and early) for your taxes.
For more information
If you require any further information on the above topics or have any tax related questions, please contact your local RSM adviser today.