by Traverse Accountants | Jul 27, 2021 | COVID-19, Superannuation
The NSW Government is offering financial support to businesses impacted by the recent COVID-19 restrictions and stay-at-home orders.If your business or not-for-profit organisation has been impacted by the restrictions, you may be eligible to apply. COVID-19 business...
by Traverse Accountants | Sep 30, 2020 | COVID-19, Individual, Small Business, Tax
The first round of JobKeeper ended on 27 September 2020. The Government has decided the scheme will continue for an additional 6 months until 28 March 2021. Key changes: More employees are eligible for JobKeeperThe eligibility rules will be revisedThe payment rates...
by Traverse Accountants | Jun 25, 2020 | Individual, Small Business, Superannuation, Tax
Deducting your Superannuation Contributions Pay by COB Tomorrow to Ensure your Deductions for 2020 EOFY!!! June 30 is only next week!!! A friendly reminder that if you are wanting to ensure your contributions for you personally, or through your business on behalf of...
by Traverse Accountants | Apr 30, 2020 | Corporate, COVID-19, Small Business, SME
JobKeeper Update ATO Grants extension to enrol and pay Employees for the first two fortnights The ATO has now announced an extension of time to 31 May for employers who wish to enrol for the first two JobKeeper fortnights. In addition,employers will have until 8...
by Traverse Accountants | Apr 21, 2020 | Corporate, COVID-19, Small Business, SME
JobKeeper program Enrolments now open! The ATO has provided helpful instructions on how this process should be undertaken, together with steps and key dates. While these steps may appear simple, a proper assessment of eligibility is complex and we are working closely...
by Traverse Accountants | Apr 17, 2020 | Corporate, COVID-19, Small Business, SME
JobKeeper program Step by Step enrolment and operation Further to our update provided yesterday, the ATO has outlined a step by step process for both the enrolment and operation of the JobKeeper program. See below for a summary: Determine employer eligibility You will...
by Traverse Accountants | Apr 16, 2020 | Corporate, COVID-19, Small Business
On 8 April 2020, the Australian Federal Government released and passed legislation relating to the JobKeeper payments, which will be available to businesses heavily impacted by COVID-19. As a result, there is now further clarity on the application process and...
by Traverse Accountants | Apr 16, 2020 | COVID-19, Small Business, Tax
Working from home A review of the key principles and rules With the advent of new work arrangements arising from the COVID-19 chaos, we thought it might be timely to review the key rules for claiming deductions associated with working from home. After all,...
by Traverse Accountants | Apr 15, 2020 | COVID-19, Small Business
Coronavirus SME Government Loan Guarantee – $250,000 The Coronavirus Small and Medium Enterprise (SME) Guarantee Scheme is a coordinated action between the Australian lenders and Federal Government to support the flow of credit in the Australian economy by...
by Traverse Accountants | Apr 10, 2020 | COVID-19, Individual, Small Business
Which payments can I defer? Mortgage repayment relief is available to home loans and most business loans.Deferral of payments can be in the form of:Defer both principal & interest repaymentsDefer principal repayments onlyPlease note that you can still make...
by Traverse Accountants | Apr 10, 2020 | Corporate, COVID-19, Individual, Small Business
Overview Temporary relief provided to businesses and individuals experiencing financial stress, by lessening threats of legal action. Changes effective from 25 March 2020 until 25 September 2020 Businesses Company directors will be temporarily relieved of their duty...
by Traverse Accountants | Apr 9, 2020 | Corporate, COVID-19, Small Business, Superannuation, Tax
ATO Payment Relief Overview Variation of pay as you go instalment (PAYGI) to zero and claim a refund for instalments already paid for September and December 2019 quarters.Deferring by up to 6 months the payment date of amounts due through the activity statement...
