The October 2020 Budget was being built up by many as a budget for the ages. In reality there was good news for individual taxpayers who will receive tax cuts and for welfare recipients who will receive two additional payments […]
The October 2020 Budget was being built up by many as a budget for the ages. In reality there was good news for individual taxpayers who will receive tax cuts and for welfare recipients who will receive two additional payments […]
While the Government has invested a significant amount of money through JobKeeper to encourage and assist businesses to maintain its workforce and keep people employed, this Budget was a little disappointing for businesses[…]
Over the weekend the Victorian Government release details of another round of the Business Support Fund to assist ease the financial burden being felt by many businesses in Victoria that are being adversely impacted by the ongoing lock downs[…]
The Government announced on 21 July 2020 that they will be extending the JobKeeper scheme for another six months. Payments dates for the JobKeeper scheme when originally announced were to 27th September 2020. Due to the continued deterioration of the economy and the community spread of COVID-19 the scheme will now run until 28 March 2021[…]
2020 has been a difficult year for Australian businesses across all sectors when you consider that we started with a drought, then experienced extreme bush fires and topped it off with the COVID-19 pandemic[…]
2020 will be a year none of us forget and everybody’s attention has been on lockdown rules, number of infections and their daily movements, stock market volatility and the value of your superannuation[…]
The Victorian Government has released the regulations that govern the relationship between commercial landlords and their tenants (being small to medium sized businesses with an annual turnover of up to $50m and eligible for the JobKeeper Payments) commencing with effect from 29 March 2020 and ending on 29 September 2020[…]
The ATO is now accepting applications from employers to participate in the scheme. It feels like everyday we are getting more guidance on how the scheme will operate and new rules on eligibility of employers[…]
One of the main eligibility rules to become an eligible employer under the JobKeeper scheme is to be able to demonstrate that the businesses turnover has declined by more than 30% (where the business’ aggregate turnover was less than $1.0b) to a comparable period[…]
One aspect of the Australian Government’s stimulus package was allowing individuals adversely affected by the economic effects of the Corona Virus to access up to $10,000 of their superannuation monies in both the 2020 financial year and the 2021 financial year[…]