Our preschool is currently in the LGA with a snap lockdown. I am just curious if we have no children turn up to preschool – and no jobs to be done at preschool, can I send my staff home with no pay? Do I use their sick pay? If they don’t want to come to work due to mental health, …

If a family member lends funds for another family member to purchase an investment property and charges interest on the loan, is the interest deductible for the member/owner of the property? I assume if one claims a deduction, the other member declares the interest in their tax return. What rate of interest should be charged against the loan? Answer The …

Can an employee take carers leave for home-schooling during a Covid-19 lockdown? Answer The answer is no. Careers leave only applies and is taken when the person they are caring for is sick, ill, or injured. A business can pay it if they wish, but they are not obligated.

Would you please help with the following questions?  There is a Holding company and Trading company under a dual company structure.  The Holding company owns 100% shares of the Trading company and has no other business activity. Only the income for the Holding company will be the dividend income if the Trading company pays the franked dividend in the future. …