Thomas Davis Co February Client Alert 2021 MSI *|MC:SUBJECT|*

With high hopes and low COVID-19 infection rates, the AusNZ & Fiji region enters 2021. No doubt it will be a year that we get to put our planning to the test and exercise our new resilience, adaptability, and agility. We hope you are all doing well - please reach out to us if you have any questions, or if there is anything we can do to help.

As a client of Thomas Davis & Co, you are able to receive updates from the MSI Australia, New Zealand and Fiji Alliance. Thomas Davis & Co is a part of this network of trusted professional services firms, expanding our capabilities across the whole globe. As a result, you receive the benefit of accessing this alliance.

Check out the latest content below from members of the MSI alliance, and some recaps of how we work together to help clients.

Thomas Davis & Co Update
New this month:
  • ATO Warning: watch out for tax avoidance schemes
  • Covid-19 Supplement extension to 31 March 2021
  • Working from home deductions: shortcut rate until 30 June 2021
  • JobMaker Hiring credit rules and reporting
  • Small business: don't forget your FBT concessions
  • New insolvency rules commence
Read the full summary here

2021 new years' business resolutions
By McKinley Plowman. 2020 is drawing to a close – and with it, one of the most difficult and unpredictable years for everyone will soon be behind us. After a tough 12 months, those who run their own business, or have dreams of doing so, are now taking the opportunity to think about how they'll make 2021 a success. That's where New Years' resolutions come in.
Check out the blog here!

A run-down of the new Loss Carry Back measure

By Oreon Partners. The last Federal Budget carried with it a number of tax changes that were designed to assist the Australian economy recover from the impact of the COVID-19 pandemic. Here is a rundown of the loss carry-back rules for corporate tax entities.
Check out the blog here!

Tucker & Cowen and McKinley Plowman Expanding

Despite the adversity that faced companies across the world, many of our member firms crafted new opportunities and expanded their teams. Every business that stood the test of 2020 is taking their lessons into a fresh year of growth with more adaptable and resilient teams.

From the team at MSI Global Alliance, Congratulations on your new hires! Learn more about them below.

Tucker & Cowen
mckinley plowman
Some other recent blogs include:

What the 'Full Expensing' write-off deduction means for business
Small Business Digital Adaptation Program
Managing Different Personalities in the Workplace
COVID-19: NSW Update | Extension of Commercial Tenancies
Financial Incentives for Property Buyers and Owners
Tips for Growing Your Franchise Business