by James Carey | May 27, 2020 | News
Date New assets acquired from 12 March 2020 and first used or installed ready for use for a taxable purpose by 30 June 2021 Applies to Businesses with aggregated turnover less than $500m Eligibility Businesses with a turnover of less than $500 million can...
by James Carey | Apr 27, 2020 | News
On Friday afternoon, (24/04) the Government announced further changes to the JobKeeper program, and clarified some rules. We have highlighted them below: GST turnover: Cash vs accruals – Everyone can choose! After the rules initially suggested that everyone was...
by James Carey | Apr 20, 2020 | News
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 | 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 | 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 25, 2020 | 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...
