JobKeeper Program | Enrolments extension

Posted by on Thursday, April 30th, 2020 in 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 May to ensure all eligible employees are paid a minimum of $1,500 per […]

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JobKeeper Program | Enrolments now open

Posted by on Tuesday, April 21st, 2020 in 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 with clients to navigate this complexity. Key dates From 20 April: enrol for JobKeeper […]

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JobKeeper Payments for businesses update

Posted by on Thursday, April 16th, 2020 in 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 operation of the JobKeeper package. Below we provide some of the key updates for employers: […]

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Bankruptcy, Solvency and Insolvent Trading

Posted by on Friday, April 10th, 2020 in 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 to prevent insolvent trading. This is only for debts incurred to facilitate the continuation of the business and […]

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Other Government Assistance and Tax Relief

Posted by on Thursday, April 9th, 2020 in 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 (including PAYGI), income tax assessments, fringe benefits tax assessments and excise […]

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Don’t forget about the small business income tax offset

Posted by on Friday, April 12th, 2019 in Corporate, Small Business, Tax

If you run your business as a sole trader, or receive a share of small business income from a trust or partnership, don’t forget you may be able to save up to $1,000 on your tax bill by claiming the small business income tax offset. The offset is worked out based on the proportion of […]

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Motor vehicle expenses – how to get them right

Posted by on Friday, April 12th, 2019 in Corporate, Small Business

The ATO has published a new factsheet on motor vehicle expenses to help small businesses get this right. The small business motor vehicle expenses fact sheet will help you answer common questions about: types of motor vehicle expenses you can claim; methods you can use to calculate your claim; private use of a business car; […]

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