News
Below are recent Blog posts.
April 2021
The 1 July 2021 superannuation changes Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account. In general, your superannuation is either in an accumulation...
March 2021
Why are some businesses returning JobKeeper to the ATO? Super Retail Group - owner of the Supercheap Auto, Rebel, BCF and Macpac brands - handed back $1.7 million in JobKeeper payments in January after releasing a trading update showing sales growth of 23% to December...
February 2021
Jobkeeper, selling your business and new insolvency laws The Final Stage Of JobKeeper And How To Access It The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing...
JobMaker Hiring Credit – Rules Released
The JobMaker Hiring Credit rules have been finalised and applications are now open. In brief Administered through STP, JobMaker provides a payment to employers of $200 per week for eligible new employees aged between 16 and 29, and $100 per week for eligible employees...
December 2020
Extended December JobKeeper deadlines The ATO has extended the JobKeeper monthly business declaration deadline for the month of December until 28 January 2021 (from 14 Jan 2021). This applies to the JobKeeper fortnights ending on 6 December 2020 and 20 December 2020....
November 2020
JobMaker Hiring Credits: What We Know So Far What is JobMaker? JobMaker is a credit available to eligible businesses for hiring additional employees (not if you are merely replacing someone who left). The hiring credit is available for jobs created from 7 October 2020...
Budget 2020-21: Road to Recovery
The 2020-21 Federal Budget is a road to recovery paved with cash. Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion 'JobMaker' Hiring Credit to encourage businesses to take on additional employees aged 16 to 35 years old $110...
October 2020
JobKeeper: The next steps The first tranche of JobKeeper ended on 27 September 2020. We look at the issues for those seeking to qualify for the second tranche of JobKeeper and for those no longer eligible. Wrapping up JobKeeper If your business is no longer eligible...
September 2020 news
Has COVID-19 devalued your business? If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact on value? Should you discount or hold firm to pre...
August 2020
What now? Where to get help if you need it JobKeeper 3.0 On 21 July 2020, the Government announced an extension to its JobKeeper scheme which we wrote about in our previous post - JobKeeper 2.0. As we started to grapple with the new rules and criteria,...