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Coronavirus Stimulus Package – New Jobkeeper Payment

The Federal Government has announced (as part of its Coronavirus Stimulus Package) the introduction of a new JobKeeper Payment to assist eligible employers (and self-employed individuals) who have been impacted by the Coronavirus pandemic to continue to pay their workers. An overview of the package is as follows; ⁣ Ø Eligible Employers will be paid …

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FACTSHEETS COVID 19

A great concern for all individuals and households at the moment is the impact the Coronavirus will have on you and your household. The Australian government is working through this difficult time to introduce various tax relief packages for Individuals and households affect by the Coronavirus. Please refer to factsheets for further guidance. [ddownload id=”1773″ …

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Working Safe During Coronavirus

We at GM Tax have a work from home policy. We have plans in place for our employees can work from home as the need arises. Our offices remain open and we shall ensure that there will be no disruption to our service offering to you. We are committed to providing a high level of …

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Changes in Capital Gains Tax on Private Residences/Property

There are significant changes coming into affect from 6th April 2020, which will dramatically affect the tax paid or due to be paid and the relief’s available on residential properties; Proposed changes in relation to the main residency exemption With effect from 6 April 2020 the following changes will apply; 1. The final period exemption …

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2018 UK Tax Returns Late Filing Penalties – £10.00 per day penalties to be avoided

Should you have missed the 31 January 2019 filing deadline you will have automatically received a late filing penalty of £100.00. If your return is still outstanding as at 30th April 2019 a further penalty of £300.00 will be incurred and £10.00 daily penalties will commence from 1st May for up to 90 days or …

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