Providing customised tax and accounting solutions to businesses and individuals.
A personal, conservative approach to helping you build, manage and protect your wealth.
We see our role as a long term partner managing your financial future.
Capitol Group comprises two specialist financial divisions - Capitol Group Advisers and Capitol Group Wealth.
At Capitol Group we adopt a comprehensive approach to the management of your financial affairs to achieve successful solutions that help you build, manage and protect your wealth. We provide high quality services and customised advice, including:
Have you been forced to work from home over the COVID-19 period? Get the facts on what can and can’t be claimed, and how to calculate these. Or you have concerns about any consequent CGT issues when later selling a property from which people have been coerced to work from during this time.
We answer your questions
There has been much discussion in the media about the JobKeeper Payment scheme, which is intended to support businesses that are financially affected by COVID-19 to help keep their staff employed. So how does it work, what’s the eligibility criteria and how do you enrol?
To help deal with the adverse economic effects of COVID-19 the government is allowing the early release of superannuation for individuals, and a temporary reduction in minimum pension drawdown rates for retirees. However, many economists say taking money out early should be done only as a last resort.
Here’s what you should know.
While many of the COVID-19 payment-related stimulus changes have dominated the deadlines, it’s important that business don’t overlook the significance of the $150,000 instant asset write off provisions.
From 1 July 2020, the instant asset write-off threshold will revert to its original level of $1,000 (unless legislative changes are made in the meantime) and will only be applicable for businesses with an aggregated turnover of less than $10 million.
The Government, Reserve Bank and APRA have introduced a Coronavirus small to medium enterprises (SME) Guarantee Scheme which will provide a guarantee of 50% to SME lenders to support new short-term unsecured loans to SMEs. The Scheme will guarantee up to $40 billion of new lending, and provide businesses across the economy who are facing significant challenges due to disrupted cash flow to meet existing obligations.
Download the Fact Sheet - Supporting the Flow of Credit
Download Fact Sheet
Many banks have recently announced COVID-19 support packages that provide affected borrowers with an option to defer their repayments for a period of up to six months. These packages have mainly been offered to small business, investment property loans and home loan customers, including chattel mortgages, hire purchase contracts, etc.
If a deferral is required, this can be obtained online through your Internet Banking or by contacting your Bank directly.
Impacted businesses will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months.
Download the Fact Sheet for details on how employers can register and employee eligibility.
Download Fact Sheet - Employers
Your employer will notify you if they are claiming the JobKeeper Payment on your behalf.
Download the Fact Sheet which explains how the newly announced JobKeeper Payment will work for employees - what are your obligations, who is eligible and how will employees receive the payments.
Download Fact Sheet - Employees
2019-20 Lodgement Rates and Thresholds Guide Download
- Economic Update. What could happen for the rest of 2020 & beyond, and what could the new "normal" look like?
- The value of financial advice. It's NOT all about money. It's about obtaining expert guidance giving you the confidence to reach your goals sooner.
- Take control of your finances post-divorce: We explain the things you can do.
- The electric car evolution - EV's are set to grow in popularity. We outline the benefits.