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.
We are all being impacted by COVID-19 in a variety of ways. We wanted to let you know we’re here to support you and committed to helping you meet your Accounting and Financial Planning requirements as always. Please be assured that it’s business as usual at Capitol Group, even though we’ve been forced to work remotely. All our phones have been diverted so we are ready to help during this lock-down period. This certainly is a very challenging time for all, and we appreciate your patience and understanding. Please feel free to contact us at any time. Stay safe, take care and most of all keep smiling.
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:
Despite COVID-19 the procedures for completing and lodging tax returns remains pretty much the same. Pre-filling takes care of a lot of the paperwork, and if you wait until late July or mid-August the ATO's systems will most likely be able to provide most of the information. We outline the points to remember, deductions and more. Get our tips
Businesses with a turnover of up to $500 million a year will be allowed to continue writing off newly purchased assets worth up to $150,000 each. The extension gives businesses until the end of the calendar year to acquire and install new or second hand assets.
To assist taxpayers experiencing financial difficulty, the ATO is providing flexibility to manage your expected tax liability on income from businesses or investments for the current year by varying the amount or rate. Furthermore, if you vary your instalments it may be possible to claim a credit on instalments already paid. Read more
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
Many residential rental property owners have had their rental income affected by COVID-19. As a result of this income year not being business as usual, the ATO has provided answers to some typical scenarios that may crop up in this area for tax time.
Click to Q&A's
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.
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
What happens from a tax point of view if you left Australia part-way through the income year?
Primarily it depends on whether you ceased to be a “resident of Australia” at the time you left, the precise facts and your intentions.
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
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?
2019-20 Lodgement Rates and Thresholds Guide Download
Missed an article? Check out our News section for the latest updates Latest News
- 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.