One of the most common questions we are receiving in the last few weeks, is how to allocate the new income amounts received under the
Governments COVID-19 stimulus packages, in your accounting software. Regardless of which software you use, the treatment will be the same:
The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the
Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources.
Monthly declarations of your current and projected GST turnover are due within fourteen days of the end of each relevant month.
It’s important to ensure that you have paid eligible JobKeeper staff at least $1,500 during each JobKeeper fortnight.
The JobKeeper payment is a subsidy of $1,500 per fortnight per eligible employee paid in arrears to the employer by the ATO. It’s for
businesses that have suffered a detrimental decline in business because of COVID 19 to help keep their staff employed.
Here’s a summary of what you need to do to claim JobKeeper payments for April. If these conditions are not met, you might still qualify for
JobKeeper payments later in the year.
The Victorian Government has announced new measures to contain the spread of coronavirus (COVID-19). They come into force at midnight
tonight 25 March 2020.
They have already ordered the closure of hotels, pubs and clubs (excluding bottle shops within those venues), casinos, cinema, nightclub,
entertainment venues, gyms and indoor sporting centres.
There are now further closures of non-essential businesses, limitations on certain activities, and closure of a range of venues, attractions
and facilities where large numbers of people would otherwise be in close proximity.
The Government yesterday released a second, far reaching $66.1bn stimulus package that boosts income support payments, introduces targeted
changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate
One of the most common questions we have received from clients this week is “what are employers obligations in regards to the coronavirus
Thankfully Fairwork have released some guidelines and likely scenarios for employers. It is a fantastic resource and is being updated
constantly, as this is a new area of law that hasn’t previously been written, so please check back on it regularly over this time.
With all the negativity going on in the world at the moment, it is important that we focus on the good. In light of this, we are excited to
get in touch today and share some fantastic Xero news with you. As of today, every Xero user on a Xero Starter, Standard or Premium plan
will have access to Hubdoc - an amazing Document Collection & Management Software solution.