Traverse blog

Traverse compiles monthly newsletters detailing recent and upcoming changes to legislation and other matters that may affect you. 

JobKeeper 2.0

JobKeeper 2.0

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 ...
Superannuation Contributions

Superannuation Contributions

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 ...
JobKeeper Program | Enrolments extension

JobKeeper Program | Enrolments extension

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 ...
JobKeeper Program | Enrolments now open

JobKeeper Program | Enrolments now open

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
Step By Step Enrolment & Operation of The JobKeeper Program

Step By Step Enrolment & Operation of The JobKeeper Program

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 Payments for businesses update

JobKeeper Payments for businesses update

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 ...
Working From Home (WFH) Deductions During COVID-19

Working From Home (WFH) Deductions During COVID-19

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 ...
Finance & Loans

Finance & Loans

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 ...
Mortgage repayment relief

Mortgage repayment relief

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 ...
Bankruptcy, Solvency and Insolvent Trading

Bankruptcy, Solvency and Insolvent Trading

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
Other Government Assistance and Tax Relief

Other Government Assistance and Tax Relief

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
JobKeeper Payment for Employers & Employees

JobKeeper Payment for Employers & Employees

Overview Relevant to employers andemployees Under the JobKeeper Payment, businesses impacted by the coronavirus (COVID-19) will be able to access a subsidy from the ...

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