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 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...
by James Carey | Mar 23, 2020 | COVID-19, News
The Government yesterday released a second, far reaching $66.1 bn stimulus package that provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws. The Prime Minister has warned that there are no “quick...
by James Carey | Mar 19, 2020 | COVID-19, News
New South Wales In a move many have been expecting, NSW has followed the other states and announced a number of measures to assist small business. This is likely the first wave of measures, with more likely to come as the situation progresses. As with other...
by James Carey | Mar 18, 2020 | News
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT updates and problem areas Car parking under scrutiny Motor vehicle problem areas Mismatched FBT and income tax amounts Mismatched information for...
