More detail on extended support for Victorian businesses

More detail on extended support for Victorian businesses Today the Victorian Government said it has processed an additional $120 million in the second round of the Business Support Fund. This includes: Businesses in Melbourne and Mitchell Shire may apply for support up to $10,000 Businesses in regional Victoria may apply for [...]

2020-08-11T16:49:46+10:00August 11th, 2020|

Government revises JobKeeper payment extension rules

Government revises JobKeeper payment extension rules The Federal Government has reconsidered its position on the tightening of JobKeeper eligibility rules and lowered payment rates (announced 21 July). Download this Business Update The JobKeeper Payment, which was originally due to run until 27 September 2020, will continue to be available to eligible [...]

2020-08-11T13:04:56+10:00August 8th, 2020|

Extended Support for New Economic Restrictions on Victorian businesses

Extended support for Economic Restrictions on Victorian businesses Stage 4 restrictions are in place in Victoria. With these restrictions come a series of directions on the operation of businesses in certain industries until mid-September unless advised otherwise by the Victorian government. The Business Support Fund will be expanded in recognition of [...]

2020-08-11T16:14:46+10:00August 4th, 2020|

Business Update July 2020

Business Update July 2020 Download this Business Update In this we include: JobKeeper Extension, what this means for businesses and employees Support packages for Victorian businesses Coronavirus SME Guarantee Scheme Company directors required to have an Identification Number (DIN) JobKeeper Extension On Tuesday 21 July 2020, the Government announced its plan [...]

2020-08-11T16:05:37+10:00July 23rd, 2020|

Director Identification Numbers set to provide traceability of director relationships

Director Identification Numbers set to provide traceability of director relationships across companies Another tool in the regulatory arsenal to combat phoenix activity has passed parliament and is awaiting royal assent. Read In Focus July 2020 The Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019 (Cth) amends the Corporations Act [...]

2020-07-07T12:40:13+10:00July 7th, 2020|

Victorian Government responds to second Covid19 outbreak

Victorian Government responds to second Covid19 outbreak The Premier of Victoria has issued a statement advising a return to Stage 3 lockdown protocols for ten Melbourne postcodes affecting 36 suburbs. These postcodes will remain at Stage 3 Restrictions at least until 29 July. Local businesses in these postcodes who were previously [...]

2020-06-30T16:10:08+10:00June 30th, 2020|

EOFY Planning: Timing to claim super payment deduction

Getting the timing right to claim employee super payment deduction With many businesses finalising their EOFY plans and looking to claim a deduction in the 2020 tax year for the June quarter’s contributions, the timing of employee superannuation payments is crucial. Employers should take into account the processing time of the clearing house [...]

2020-06-18T15:32:28+10:00June 18th, 2020|

End of Financial Year Planning 2020

End of Financial Year Planning 2020 With the end of financial year fast approaching, now is a good time to think about tax opportunities and risks that should be addressed before 30th June 2020. In our Year-End Planning 2020 we have included some of the key taxation issues that clients should be [...]

2020-06-11T13:19:58+10:00June 11th, 2020|

Tax Time Monthly June 2020

Tax Time Monthly June In this edition of Tax Time Monthly we cover updates and findings from ATO on: ATO COVID-19 Support Cash Flow Boost – ATO updates Jobkeeper Update Car depreciation limit increase for FY 2020-21 Online Access to deceased estates information from 15 May 2020 ATO: International business FAQ where [...]

2020-06-03T12:38:04+10:00June 3rd, 2020|