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Tag : loans

cash in hand

SME Recovery Loan Scheme extended

Posted on 07/02/2022 by Omnis Group

Government extends SME Recovery Loan Scheme to 30 June 2022 The Government has recently extended the SME Recovery Loan Scheme by a further six months (to 30 June 2022) to Read More…

Posted in Business Advisory & Strategy | Tagged loans, recovery, Small business
foreign workers

Documenting gifts or loans from related overseas entities

Posted on 15/11/2021 by Omnis Group

Disguising undeclared foreign income as a gift or loan The ATO is currently reviewing certain arrangements where Australian taxpayers seek to disguise undeclared foreign income as a gift or loan. Read More…

Posted in Business Accounting & Taxation | Tagged Australian Tax Office ATO, foreign, income tax, loans, recordkeeping, taxpayers
Mobile office

SME Recovery Loan Scheme

Posted on 20/09/2021 by Omnis Group

Expansion of support for SMEs to access funding The Government is providing additional support to small and medium-sized businesses (SMEs) by expanding eligibility for the SME Recovery Loan Scheme. Specifically, Read More…

Posted in Business Support Services | Tagged coronavirus COVID-19, government, loans, recovery, Small business
Accountant going over reports with business owner

Extension on Division 7A loan repayments

Posted on 19/07/2021 by Omnis Group

Extension of time to make repayments on Division 7A loans To offer more support due to the ongoing effects of COVID-19, an extension of the repayment period is now available. Read More…

Posted in Blog | Tagged Australian Tax Office ATO, coronavirus COVID-19, loans, recovery
rental property

Deferrals of interest due to COVID-19

Posted on 07/12/2020 by Omnis Group

Many lenders have recently allowed borrowers with investment property loans to defer repayments for a period of time. While repayments are being deferred, interest (and fees) will usually be added Read More…

Posted in Business Accounting & Taxation | Tagged Australian Tax Office ATO, deductions, investment, lending, loans, property
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