Businesses will be able to access the boosted $150,000 instant asset write-off scheme for a further six months to the end of the year. By way of background, as part of its emergency COVID-19 fiscal package, the government quintupled (from $30,000) the value of assets businesses were able to instantly write -off for the period …
Please see info below, either register online with link below or let us know if you need us to do this for you. The JobKeeper payment is intended to provide wage subsidies to businesses that are significantly affected by COVID-19. The Government has announced its intention to pass additional legislation to introduce this new measure. …
JobKeeper Payments Announced Today JobKeeper Payment Read More »
We are getting a huge amount of questions in regards to apply for this $10,000.00 payment please see below which will help answer some of your questions. If you do need additional details please do not hesitate to call us. Below are FAQs relating to the Victorian Government’s Business Support Fund. Why has the Victorian Government …
My Business Health, a web portal designed to provide holistic support to SME owners, now has a dedicated section to help struggling businesses through the current economic crisis. ASBFEO Kate Carnell said in a statement that her office has been inundated with “distressing” stories of SMEs decimated by the ripple effects of the coronavirus. “Small …
Small Business Ombudsman Launches COVID-19 Resource Read More »
Legislation has been enacted to provide temporary cash flow support to small and medium businesses and not-for-profit organisations that employ staff during the economic downturn associated with COVID-19 (novel coronavirus). This will be done through two sets of cash flow boosts delivered from 28 April 2020 to support employers to retain employees. The ATO will provide …
Info from ATO – Boosting Cash Flow for Employers Read More »
Federal Government – available to all SMEs The Australian Government has thus far announced 2 Economic Stimulus packages to the sum of $189 billion. The package includes both cash and tax incentive measures, as followed – Real, Cash Money for Small Business Owners 1) 100% Cashback on PAYG Withholding, up to $100,000 in total Eligible …
Business and Government Concessions: COVID-19 Response Read More »
Update on Coronavirus Stimulus Package 1. Support for individuals and households The Government will provide significant payments to assist lower-income Australians, including pensioners, other social security and veteran income support recipients and eligible concession card holders. Income support for individuals Over the next six months, the Government is temporarily expanding eligibility to income support …
Message from the Australian Taxation Office The Australian Taxation Office (ATO) will implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak. Commissioner of Taxation Chris Jordan is encouraging businesses impacted by the coronavirus to get in touch with the ATO to discuss relief options. “We …
Support measures to assist those affected by COVID-19 Read More »
Up to and including March 15, 2020, where an employer directed a full-time or part-time employee to stay home in line with the Australian Government’s health and quarantine advice, and the employee was not sick with coronavirus, the employee should have been paid ordinarily while the direction applied. However, as of Monday 16 March, if an …
