July 21, 2020

From 28 September 2020, organisations seeking to claim JobKeeper payments will be required to reassess their eligibility for the JobKeeper extension with reference to their actual turnover in the June and September quarters 2020. Organisations will need to demonstrate...

July 3, 2020

The new Small Business Recovery Grant for up to $3,000 is now open for applications to help you rebuild your business.

   

You can use it to cover:  

  • marketing and advertising expenses  

  • fit-out changes  

  • staff training expenses to work...

June 28, 2020

Check if your business can take advantage of these small business tax concessions before 30 June, including:

  • Immediate deductions for prepaid expenses – if your turnover is less than $10 million and you've paid for expenses (such as rent, registration fees, insuranc...

June 12, 2020

JobKeeper enrolments extended

The ATO’s JobKeeper key dates have revealed that employers who are enrolling for JobKeeper payments for the first time after May can now enrol their business and identify their eligible employees and business participants by the end of the...

May 29, 2020

Deadline for claiming a deduction for Superannuation contributions

Did you know, super payments are only considered to be paid for the purpose of claiming a tax deduction once they have been received by the super fund, not the date the Small Business Superannuation Clea...

May 18, 2020

The 3 Steps to Business Survival

We have discovered a three-part survival pack to help business owners consider all their options and make difficult decisions in a very tough environment. 

How this Business Survival Pack Works

This business survival pack has been dev...

May 6, 2020

$250 Million Cleaning Stimulus Package

A $250 million cleaners’ package will improve the cleaning of public facilities including NSW transport, schools and TAFE while supporting an additional 3000 full-time cleaners by the end of June 2020.

Job opportunities have been cr...

April 28, 2020

Update to JobKeeper rules

To ensure the integrity and the efficient operation of the JobKeeper Payment scheme, the Government is clarifying the operation of some rules:

  • Employees employed through a special purpose entity, rather than an operating entity

  • Charitie...

April 24, 2020

There’s no doubt that ANZAC Day 2020 will be different to how we traditionally commemorate. While we cannot gather at services and marches, we can be together in spirit.

By standing at the end of your driveway, in your living room, or on your balcony at 6am on ANZAC Day...

April 24, 2020

The Tax Office has now released further guidance on the basic decline in the Turnover Test based on GST turnover.

According to the ATO, an entity will need to follow (5) five steps to satisfy the test, namely:

  1. Identify the turnover test period.

  2. Id...

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