by Traverse Accountants | Apr 15, 2020 | 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...
by Traverse Accountants | Apr 10, 2020 | 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 repaymentsDefer principal repayments onlyPlease note that you can still make...
by Traverse Accountants | Apr 10, 2020 | 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...
by Traverse Accountants | Apr 7, 2020 | COVID-19, Individual, Small Business
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 Government to continue paying their employees;Affected employers will be able to claim a...
by Traverse Accountants | Apr 6, 2020 | COVID-19, Small Business
Overview 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...
