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Cutcher & Neale to move in 2021

July 2020

We are excited to announce our Newcastle office will be moving to new premises in 2021.

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COVID-19 Update for General Practices

June 2020

As medical practices continue to keep up to date with the continuous stream of revised rules and regulations, important updates may be missed. Here are a recent few key updates to take note of.

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Instant Asset Write-Off Increase Extended

June 2020

In March 2020, the Federal Government announced an increase to the instant asset write-off (IAWO) threshold from $30,000 to $150,000 and expanded access to the write-off to include all businesses with aggregated annual turnover of less than $500 million (up from $50 million) as part of broader measures designed to boost cashflow.

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Code of Conduct for Commercial Leasing

4 May 2020

The mandatory Code of Conduct for Commercial Leasing has been released by the Government. It is based around commercial tenancies that are suffering financial stress due to Covid-19.

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JobKeeper Payment Guides for Medical Practices

4 May 2020

The health industry is going through significant disruption as a result of the Covid-19 pandemic, with little time to prepare and tight deadlines to resolve issues, including staffing concerns.

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Special Purpose Service Entities – Modified Decline in Turnover Test Announced

4 May 2020

On 1 May 2020, the Treasurer has introduced Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 2) 2020 (the Amending Rules No. 2) which makes a number of targeted refinements and clarifications to the Rules made on 9 April 2020 including a modified decline in turnover test for special purpose service entities that provide employee labour to group members and that have not met the basic test for decline in turnover.

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C&N Investment Performance 2020

28 April 2020

With the fastest stock market decline ever recorded in the first quarter of 2020, we are very proud to report that Cutcher & Neale Managed Discretionary Accounts not only cushioned the severe impact of the COVID – 19 correction, but outperformed benchmarks and were actually able to make money in these volatile times in 3 out of 4 model equity portfolios.

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JobKeeper Payment – Extension of time to pay eligible employees

28 April 2020

On the 27 April 2020, the ATO has confirmed that for the first two fortnights (30 March – 12 April, 13 April – 26 April) they will accept the minimum $1,500 payment for each fortnight has been paid, even if it has been paid late, provided it is paid by the 8 May 2020.

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Update to the JobKeeper Rules – Clarity to be provided by Government

On 24 April 2020, the Treasurer, Josh Frydenberg, announced by media release that the Government will clarify the operation of the JobKeeper Rules.

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