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Christmas and Taxation

As the festive season approaches in this unusual year, employers may be starting to think about festive celebrations with staff and colleagues to celebrate the year that was.  This year, not only will you have taxation considerations but also more importantly you will be navigating the Covid-19 restrictions that apply in your state.

If you are able to hold a Christmas function within the Covid-19 rules then you should also be mindful of any potential taxation implications.  Read more…

2020 Budget Update

The Treasurer Josh Frydenberg handed down his 2021 Budget with a forecast cash deficit of $214 billion with Net Debt forecast to peak at $900 billion in June 2024. 

Significant numbers indeed.
  

However, we wanted to focus on some of the significant business taxation announcements made in the budget that would likely affect our business clients. Read more…

JobKeeper Extension 1 & 2 Alternative Tests

On Tuesday 22 September 2020 the legislation for the JobKeeper Extension 1 & 2 alternative tests was finalised. There is a total of seven alternative test categories for different circumstances. Read more…

JobKeeper Key Dates

Changes to JobKeeper are effective from 28 September 2020. Here is a summary of the key dates with a brief explanation of the actions businesses need to take: Read more…

Recently announced COVID-19 Support

A number of business support packages have recently been announced. A summary of these packages is outlined below.  Read more…

Superannuation Guarantee Amnesty

On 6 March 2020 the Australian Government introduced a superannuation guarantee (SG) amnesty that enables employers to disclose and pay any previously unpaid superannuation guarantee charge (SGC), including nominal interest, that they owe their employees from the quarters starting 1 July 1992 to 31 March 2018. Read more…

Southern Border Small Business Grant

NSW small businesses in eligible local Government areas along the NSW and Victorian border will be able to apply for $5,000 and $10,000 Grants through Service NSW from Tuesday 8 September. Applications will be open for a six-week period and close 18 October 2020.

The grant will have two tiers determined by certain eligibility criteria: Read more…

JobKeeper 3.0 Update

Extension of the JobKeeper Payment

In the wake of the harsher COVID-19 restrictions imposed on the state of Victoria, the JobKeeper payment criteria has been updated and expanded nationwide.  Read more…

Overview

This program aims to provide support to businesses that suffer significant losses or need to close as a result of the current COVID-19 restrictions. It forms part of the Victorian Government's $534 million Business Support Package which will provide more support to help businesses and workers through to the other side of the coronavirus (COVID-19) pandemic. Read more…

It's Tax Time - What to consider this year

It's that time of year again - tax time. Here are a few key issues to consider this year.

Read more…