Where to Start? Start at the beginning and focus on yourself first. Yes, that is right, your business plan is a tool to achieve the vision and purpose of the business, but your business is a vehicle to serve you and achieve your goals. So you need to be clear on what you want in … Read more
The JobMaker Hiring Credit Scheme JobMaker can be complex and if you’re wishing to access the hiring credit, you will need to be fully informed about eligibility, enrolment and ongoing compliance. Our client guide to help small business owners understand the benefits and requirements of JobMaker. Download The Guide Here JobMaker is a credit available … Read more
Refunds for Tax Losses If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits. In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously taxed … Read more
JobKeeper: The next steps The first tranche of JobKeeper ended on 27 September 2020. We look at the issues for those seeking to qualify for the second tranche of JobKeeper and for those no longer eligible. Wrapping up JobKeeper 1 If your business is no longer eligible for JobKeeper payments, there are a few things … Read more
Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent. So, how do you plan for uncertainty when every assumption is subject to change? Understand … Read more
Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 1to “self-correct” under a new amnesty.
The super guarantee (SG) amnesty is a one-off opportunity to correct past unpaid SG amounts. Employers have a six-month window, until 7 September 2020, to disclose, lodge and pay unpaid SG amounts for their employees.
Help for business JobKeeper 2.0 The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not employed on 1 March 2020 might now be eligible. The proposed changes would enable employees employed on 1 July 2020 to receive JobKeeper payments from … Read more
On Friday 14 August 2020, the Treasurer released the updated JobKeeper Rules dealing with eligible employees which apply from 3 August 2020 onwards. Specific rules dealing with JobKeeper 2.0 have not yet been released. New test date for employees Under the original JobKeeper rules, an employee generally needed to have been employed by the entity at 1 … Read more
The Government has announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities. JobTrainer for job seekers and school leavers An additional 340,700 training places will be created to provide no or low cost courses into sectors with job opportunities. The Government is working with the States and Territories to develop a … Read more
Will the Prime Minister’s targeted $250 million package of funding to support cultural and creative projects and initiatives save the industry? The arts funding is aimed at kick-starting the sector with funding preferencing commercial initiatives that generate jobs and are expected to have a positive economic impact. That is, this is an economic package as … Read more