Posts Tagged ‘ Business ’

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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Working From Home (WFH) Deductions During COVID-19

Posted by on Thursday, April 16th, 2020 in 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, working from home is likely to be the new norm for […]

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Finance & Loans

Posted by on Wednesday, April 15th, 2020 in 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 supporting the small and medium-sized business with an unsecured loan up to $250,000 for a business who […]

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Mortgage repayment relief

Posted by on Friday, April 10th, 2020 in 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 repayments Defer principal repayments only Please note that you can still make voluntary payments during the deferral period if you wish to do so. […]

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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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