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 […]
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 MoreOverview Relevant to all entities in business with PAYG-W obligations 1st Tranche $10k to $50k tax free payment of PAYG-W up to 30 June 2020; 2nd Tranche $10k to $50k tax free payment of PAYG-W after 1 July 2020; Refund paid after all other ATO obligations have been offset. 1st Tranche $10k to $50k free […]
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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