JobKeeper Payment Scheme Fact Sheet – Are you Eligible?

JobKeeper Payment Scheme The purpose of this Fact Sheet is to enable you to make a quick assessment of your eligibility for the Government’s JobKeeper Payment Scheme.  It is not a comprehensive guide as the rules are quite complex.  If, after you have examined the information in this Fact Sheet
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Business Support Fund Assistance for Victorian small businesses impacted by coronavirus (COVID-19).

The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of the coronavirus (COVID-19) pandemic and keep people in work. The Fund is part of the Victorian Government’s $1.7 billion Economic Survival Package. Eligibility criteria and application guidelines are outlined below. Please read them before
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JobKeeper Payment for employers and employees

The JobKeeper Payment will support employers to maintain their connection to their employees. These connections will enable business to reactivate their operations quickly – without having to rehire staff – when the crisis is over. Eligible employers Employers will be eligible for the subsidy if: their business has a turnover
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Supporting Individuals and Small businesses affected by coronavirus Click on link: The Australian Government is supporting Australian businesses to manage cash flow challenges and retain employees. Assistance includes cash flow support to businesses and temporary measures to provide relief for financially distressed businesses. – Click on link: The Australian Government is providing financial assistance to Australians.
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Coronavirus Stimulus Measures

Summary Federal initiatives: Eligible employers with a turnover of up to $50 million that employ workers will be eligible for tax-free payments up to $100,000 Apprentice wages subsidies up to $21,000 per apprentice SME loan guarantee scheme to provide access to unsecured loans for SMEs and relief from responsible lending
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Many Australians invest in property, financial markets and other assets, both here and overseas. In 2016-17, almost 4 million individuals received dividend income of $23.4 billion while 2.1 million reported rental income totalling $44 billion. $20 billion in capital gains were reported by almost 700,000 individuals, while more than 900,000
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TAX TIPS FOR SMALL BUSINESS The ATO continues its focus on small business as part of its efforts to close the $10 billion tax gap indicated by the Commissioner earlier this year. The ATO has received additional funding through the Black Economy Taskforce and its enhanced enforcement covers lodgment, employee
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TAX TIPS FOR EMPLOYEES Do you know the tax deductions and offsets for which you might be eligible this financial year? The following tips may help you to legitimately reduce your tax liability in your 2018-19 return. With so much information being pre-filled into your tax return this year, it’s
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Recent and proposed tax reforms 2017-2018

Recent and proposed tax reforms   There have been a number of recent and proposed tax changes during the last 12 months and many of these are particularly relevant to smaller businesses and individual taxpayers. A number of the changes also apply from 1 July 2017 so may impact on
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EOFY resolutions for your small business

EOFY resolutions for your small business Do a financial health-check Year end is a good time to check the financial health of your business. Reviewing financial statements and conducting basic calculations on liquidity, solvency, profitability and return on investment – and comparing the results with previous annual figures and to
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May 2020
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