Yearly Archives: 2020

The Government has now passed the JobKeeper Extension 2.0 on Tuesday the 1/9/2020 to cover the 6 month period from 28 Sept 2020 to 28 March 2021. The eligibility rules and rates have changed, so each and every business should re-test both their eligibility and that of their employees. Additionally the changes to the current […]

The NSW State Government has announced a grant of up to $10,000 for eligible small businesses highly impacted by the COVID-19 social distancing restrictions  issued on 30 March 2020. The grant is for “unavoidable business expenses” such as utilities, overheads, legal costs and financial advice. Applicants must register and lodge an application supporting the costs. […]

Tax Free credits will be made by the ATO ranging from a minimum of $20,000 up to a cap of $100,000 for small businesses with an annual turnover of under $50M. The ATO will be notifying businesses as from the March 2020 quarterly BAS or March monthly Activity Statement and credits will be applied against […]

Businesses significantly affected by the COVID-19 pandemic can access a wage subsidy scheme from the Federal Government to continue paying their employees with the aim of keeping people in their jobs until the crisis has ended. It’s the new JobKeeper subsidy. Eligible employers will be able to access $1,500 per fortnight per eligible employee for […]

From 12th March 2020 the Federal Government’s Economic Stimulus Package has increased the immediate write off of eligible assets from $30,000 to $150,000 (new or used) purchased by 31 December 2020 by businesses with a annual turnover of under $500M.  From 1 Jan 2021 the rules for instant asset deduction thresholds fall to $1,000 and […]

The NSW State Government Premier, Gladys Berejikian, announced in March 2020 that the NSW State Government will assist eligible employers through the tough economic slow down caused by COVID-19 pandemic. One of the measures offered to business is that if they employee trainees or apprentices they will be able to claim 50% of their trainee […]