News
Below are recent Blog posts.
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,...
JobKeeper 2.0, JobSeeker & other support
“We will do what is practically needed” Prime Minister Scott Morrison JobKeeper 2.0 The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees. If your business currently receives...
July 2020
The ATO on COVID-19 fraud warpath We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian...
EOFY information
Important End of Financial Year information 2019-20 has been an unusual year. This year, more than ever, we want to ensure that we help you reduce your tax exposure and minimise the risk of an audit by the regulators. This end of financial year update outlines...
JobKeeper Tips
If you qualify and wish to start receiving your JobKeeper reimbursements in May now is the time to act. Some useful dates to keep in mind: 20 April 2020 - applications for JobKeeper are open to employers 26 April 2020 - applications cut off date to be eligible to...
COVID 19 Stimulus and support Measures
Hang in there. We’ve designed this guide as a quick reference to the COVID-19 related tax and financial support that might be available to you. The Government has flagged that more support is coming and we will keep you updated of changes that are likely to impact on...