The Victorian Chief Health Officer (CHO) has directed that all persons over 12 years old living in Victoria wear cloth or surgical face masks or face coverings outside of their home. This direction includes a requirement that employers must take reasonable steps to ensure that employees wear a face covering at all times when working […]
Vic Government $5000 Grants
The Victorian Government have announced the reinstatement of Stage 3 ‘Stay at Home’ restrictions across metropolitan Melbourne and Mitchell Shire for the next six weeks. As a result of the reinstatement it has also been announced that there will be an expansion of the Victorian Government’s Business Support Fund. Businesses within metropolitan Melbourne and Mitchell […]
Jobkeeper Extension
JobKeeper has now been extended from 28 September 2020 to 28 March 2021. Worker EligibilityFrom 3 August 2020, permanent employees employed as at 1 July 2020 and long-term regular and systematic casuals with 12 months’ service as at 1 July 2020 will be eligible to receive JobKeeper payments. Eligible employees must be aged 18 years […]
JOBKEEPER – 30% Reduction in Turnover
For most of our businesses, the key determinating factor in their eligibility for Jobkeeper will be whether they satisfy the 30% reduction in turnover requirement. The turnover calculation will be based on “GST turnover” and will enable the ATO to easily cross-check your eligibility with subsequent BAS lodgements. You only need to satisfy this requirement […]
JOBKEEPER – Enrol & Apply for Payment
To enrol and apply for jobkeeper for your staff, follow the steps below STEP 1 – Register your business with the ATO Full enrolment is available from 20 April 2020 with the ATO. In the meantime, register your interest at https://www.ato.gov.au/Job-keeper-payment/ so that your receive ongoing updates. Full enrolment for the jobkeeper payment must be […]
Coronavius – Busines Financial Support and How to Get it
With the drastic economic impact of the Coronavirus hitting many businesses and their staff, numerous relief packages have been released that will assist with immediate cashflows for Business. The measures that may assist with your immediate cashflows are summarised below: Jobkeeper Payment What is it? A subsidy in the form of fortnightly payment of $1,500 […]
ATO Support during Coronavirus
Due to the massive impact the Coronavirus is having on the cashflow of everyone, the ATO has released some measures to assist taxpayers to get through the current times. A statement by the commissioner stated: “We know that many businesses and communities are being heavily affected by the challenging economic conditions created by the outbreak […]
Bank Concessions for Coronavirus
On March 20, the Australian Banking Association announced that banks will offer businesses who have been impacted by the outbreak, a six-month deferral for business loan repayments. It was also indicated that this deferral could extend to residential loans if needed and on a case-by-case basis. For the most up to date information, see the Australian Banking […]
Coronavirus – PROTECT YOUR BUSINESS
The Coronavirus pandemic has already had a fast and hard impact on many businesses, with many more expected to be hit from the drop in economic activity. Protect your business and your family by looking at your strategy and taking action. […]
Coronavirus Stimulus Package
The Australian Government has announced an economic response to protect the economy by maintaining confidence, supporting investment and keeping people in jobs. The stimulus has targeted targets four key areas: 1 – Delivering support for business investment INSTANT ASSET WRITE OFF – From today, the Government is increasing the instant asset write-off threshold from $30,000 to $150,000 […]
