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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

https://treasury.gov.au/coronavirus/businesses 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. https://treasury.gov.au/coronavirus/households – Click on link: The Australian Government is providing financial assistance to Australians.

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

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

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

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

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

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

Do you know the tax deductions and offsets for which you might be eligible? The following tips may help you to legitimately reduce your tax liability in your 2016-17 return. Claim work-related deductions Claiming all work-related deduction entitlements may save considerable tax. Typical work-related expenses include employment-related telephone, mobile phone,

How you might be impacted by the 2016 Federal Budget Please call our office if you are seeking clarification as to whether proposed changes may impact you positively or negatively, ph: 03 9397 4552.   Business From 1 July, 2016 small and medium-sized businesses will receive a tax cut, with their