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:
The JobKeeper payment, which was originally due to end after 27 September, will now continue to be available to eligible businesses (including the self-employed) until 28 March 2021. However there are some changes to consider, one being that businesses will be required to demonstrate that they have suffered an ongoing significant decline in turnover using actual GST turnover (rather than projected GST turnover) from 28 September. Continue reading
From 1 July 2019, the government adopted new rules that aim to prevent the unnecessary erosion of people’s retirement savings through inappropriate insurance arrangements. As such, super providers, excluding SMSFs and small APRA funds, are unable to provide insurance by default when an account has been inactive for more than 16 months, that is if the account has not received any contributions or rollovers for 16 months or longer. Read more
The COVID-19 pandemic has placed property owners and tenants in unfamiliar territory, with many tenants currently paying reduced rent or ceased paying. While rental income may be reduced, owners will continue to incur normal expenses on their rental property and will still be able to claim these expenses in their tax return as long as the reduced rent charged is determined at arms’ length. We explain
The extension of the instant asset write-off from $30,000 to $150,000 until 31 December 2020 provides an opportunity to look at its application to motor vehicles. As with all assets that are eligible for the instant asset write-off, the vehicle must be first acquired between 2 April 2019 and 31 December 2020 and must be “used or installed ready for use” from 12 March 2020 to 31 December 2020. 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
For individuals affected by the adverse economic effects of COVID-19, the government has temporarily allowed eligible individuals to access their superannuation early and tax-free - from 24 September 2020 to 31 December 2020. We explain
2019-20 Lodgement Rates and Thresholds Guide Download
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