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Land Tax Relief
Land tax relief is currently available for eligibleĀ non-residential andĀ residential landlords and eligibleĀ commercial owner-occupiers in response to COVID-19. If you own property subject to land tax and have; Ā provided rent relief to your tenants due to COVID-19 (waivers only ā a deferral of rent is not considered relief), or lost a tenant since 30 March…
Read MoreSA State Budget 2020-21
The South Australian Budget was handed down yesterday, please find following the items we believe will have the most impact on our clientsĀ (unless you drive an electric car). CASH GRANTS Eligible businesses and not-for-profit organisations impacted by COVID-19 will be able to access a second $10,000 grant. Eligible businesses that do not employ people…
Read MoreA Danish bank is offering mortgages at a 0.5% negative interest rate ā meaning it is basically paying people to borrow money
A bank in Denmark is offering borrowers mortgages at a negative interest rate, effectively paying its customers to borrow money for a house purchase. Jyske Bank, Denmarkās third-largest bank, said this week that customers would now be able to take out a 10-year fixed-rate mortgage with an interest rate of -0.5%, meaning customers will pay…
Read MoreThe 2019 Federal Budget Explained
Last night the incumbent Liberal government handed down the 2019 Federal Budget. We have reviewed the document and provide below the highlights that will affect our client base the most for your review. The Government predicts a return to surplus of $7.1 billion (or 0.4% of GDP) in 2020 – the first surplus in 12…
Read More5 Things You May Not Know About Equipment Finance
When it comes to getting finance for your new business vehicle/equipment there are so many different options and things to consider. Here are some of the things you may not know and may help you with your next car purchase. 1. Shop around for your car and your finance: Most of you would have seen…
Read MoreDo You Have A Business Protection Plan?
Having a business plan is about taking on risk for future success. Business owners take on risk by leaving steady employment, using their own capital and taking out debt to create a future income stream that will far exceed what can be earned by working for someone else. Business Initiatives recognises this, and we value…
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