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:
The overwhelming issue of the day is of course the coronavirus. The government's stimulus package launched in response to the crisis is welcome.
In this issue we spell out what this means for different taxpayers, and how the measures will work:
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
We explain the Government's Economic Stimulus Package as we attempt to survive the ever changing restrictions we are faced with. Click the PDF for a broad summary, such as Income Support for Individuals - Tax-free payments, early access to super, reducing minimum drawdowns for super pensions, social security deeming rates; and Cash flow assistance for businesses - Stage 1 Payment, Stage 2 Payment, Small & Medium Business Entities, Accelerated depreciation deductions.
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.
For up to date information on Employer/Employee obligations regarding entitlements for workers who need to have time off, want to or are directed to work from home, or are being stood down or terminated, please follow the link to the Fair Work Site
Link to Fairwork
A perennial topic regarding tax deductions is claiming motor vehicle expenses. We explain the key points to keep in mind when it comes to claiming a deduction for motor vehicle expenses and the common types of expenses you can claim.
A formal business agreement can set the ground rules and stop owners getting caught out if things don’t go as planned, saving a lot of time, cost and emotional drain. Here is our list of the salient points to be included in the agreement, and what to expect if you decide not to have one?
2019-20 Lodgement Rates and Thresholds Guide Download