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 JobKeeper The eligibility rules will be revised The payment rates will be reduced To receive JobKeeper from 28 September 2020, employers […]
Read MoreDeducting 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 you and other staff are tax-deductible for 30 June 2020, you need to […]
Read MoreWhich 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 repayments Defer principal repayments only Please note that you can still make voluntary payments during the deferral period if you wish to do so. […]
Read MoreOverview 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 […]
Read MoreOverview Relevant to employers and employees Under the JobKeeper Payment, businesses impacted by the coronavirus (COVID-19) will be able to access a subsidy from the Government to continue paying their employees; Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 […]
Read MoreWe’ve made it easy for you! We know how confusing this time is for many of you and wanted to keep things simple. We’ll be continually updating you with the facts and figures of what you’re eligible for as an individual and business. Check out our quick reference diagrams below. Save them, share them and find out how you […]
Read MoreDear Valued Client, We sincerely hope this report finds you safe and well and wish that we are reaching out to you under better circumstances. The coronavirus (COVID-19) that was declared a global pandemic on 11 March 2020 has had a major impact on the Australian economy and both business and individuals alike. The situation […]
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