JobMaker hiring credits In this years Budget, the Government announced a JobMaker hiring credit scheme, providing employers with funds to subsidise eligible employee’s wages as a hiring credit. The $4.0 …
The COVID-19 pandemic has caught most of us off guard. Who would’ve thought that the world would spend the year battling a virus? This unprecedented global crisis is a reminder …
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“We will do what is practically needed” Prime Minister Scott Morrison The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid …
As part of the lifting of restrictions on business trading that were designed to reduce the spread of COVID-19, the NSW Government is providing small business recovery grants of between …
The Government has announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities. JobTrainer for job seekers and school leavers An additional 340,700 training places will be …
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Your “war chest” is the financial reserve your business has built up so you can take advantage of an opportunity or cover unexpected costs or emergencies. Building a cash reserve …
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The COVID-19 pandemic has proven challenging for many small business owners. It’s difficult to run your business remotely, especially if you’re not set up to do so. If you run …
Read More… from Ways to run your business if you can’t open your premises
Most small business owners face a time in their career when they have to communicate in ways or about topics they aren’t comfortable with. COVID-19 has put small business owners …
JobKeeper: A Brief Re-Cap Eligible businesses that elect to participate will receive a payment of $1,500 per fortnight per eligible employee to support the people they employed as at 1 …
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The Governments Code of Conduct with regards to rental waivers and deferrals. Under the Code of Conduct, landlords will be required to reduce rent proportionate to the trading reduction in …
A special one-day sitting of Parliament has now approved the Coronavirus Economic Response Package (Payments and Benefits) Bill 2020 late Wednesday evening, giving rise to the centrepiece of the government’s …
Our role as advisors is to support small businesses, but we cannot compromise our standards along the way, particularly as the effects of COVID-19 continue to rage on for our …
The JobKeeper Payment is designed to help businesses affected by the Coronavirus to cover the costs of their employees’ wages, so that more employees can retain their job and continue …
Read More… from JobKeeper – Federal Government Stimulus Package 3.0
New South Wales Payroll Tax Concessions For businesses whose total grouped Australian wages for the 2019/20 financial year is less than $10M: will have their annual tax liability reduced by …
Tax Payment Deferrals The ATO is providing SMEs payment deferral concessions for businesses directly impacted by COVD-19. They are outlined as followed: Deferring by up to 4 months the payment …
Banks & Lending Institutions We anticipate banks will be changing and updating their concessions and initiatives on a regular basis. To ensure our clients have the most up to date …
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The Australian Government has announced 2 Economic Stimulus packages to the sum of $189 billion thus far. Whilst it passed into law last night, we are still working through the …
Read More… from COVID-19 Federal Government Stimulus Package 2.0