How Last Year’s Tax Stimulus Might Affect Businesses in 2021

Found this interesting piece in Business News. It’s called A Tax Storm is Brewing.

In it, Roger Blow shares some fascinating insights on what we have to look out for in 2021. Here’s an thought-provoking excerpt:

Whilst large numbers, it of course makes sense for the Government to not provide support with one hand while removing tax from the back pocket with the other. But this current tax and stimulus nirvana cannot last forever. It was recently declared that Australia had ‘technically’ emerged from recession but accountants, insolvency practitioners and directors across the State are aware that a large and growing new class of corporate entity, ‘the zombie’, will at some stage be unleashed upon the living.

To learn more, take a look at the rest of the article at this link to Business News.