by James Carey | Apr 20, 2020 | Business Services & Advice, COVID-19
Record your BAS as a purchase bill Note: in this example, client pays quarterly GST and monthly PAYG and therefore will be eligible to receive a credit equal to 300% of his March PAYGW, ie. 3 x $3,000 = $9,000 The ATO will offset these $9,000 against the March quarter...
by James Carey | Apr 20, 2020 | COVID-19
JobKeeper applications are now open as at 20 April 2020. You can register via the Business portal. More information here: https://www.ato.gov.au/General/JobKeeper-Payment/Employers/Enrol-for-the-JobKeeper-payment/ We have briefly included the steps to enrol below:...
by James Carey | Apr 16, 2020 | COVID-19, News
On Tuesday 16 April Treasury finally released the long awaiting rules for the $130bn JobKeeper program. The same day the ATO released some practical detail on how the administration of the program will work. We have included some details that had previously been...
by George Morice | Apr 2, 2020 | COVID-19, News
How far through the COVID-19 crash are we? What impact will it have on the economy here in Australia? What impact will it have on global economies? Currently no one has the answer to any of these questions. What we do know is that it is looking to be as bad, if not...
by James Carey | Mar 31, 2020 | Business Services & Advice, COVID-19
Date From 30 March 2020 for six months For employees employed at and from 1 March 2020 First payments in first week of May 2020 Applies to Based on comparable periods: Employers <$1 bn that have experienced a downturn of more than 30% Employers >$1bn that have...
by James Carey | Mar 25, 2020 | COVID-19, News
The second Government stimulus boosts income support payments, introduces targeted changes to the superannuation rules. In Summary Individuals Early release of superannuation – individuals in financial distress able to access up to $10,000 of their superannuation in...
