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Update Friday 29 May

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 Clearing House (SBSCH) accepts them? To ensure you can claim a deduction for the 2019–20 income year, you need to allow processing time for your super payments to be received by your employees' super funds before the end of the 2019–20 income year. Payments need to be accepted by the SBSCH by 23 June 2020. Remember to check with your employees if you need to update their super fund details in your SBSCH account including, a change

Update Friday 15 May

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 developed in a simple three stepped approach: Step One – Calculate your “exposure” and cash flow forecast Step Two – Your options Step Three – Take action Calculate your "Exposure" and Cash Flow Forecast Circumstances are changing day by day and crippling revenue. The first immediate step is whether your business can sustain a period of diminished revenue and whether you can repay the liabilities once the downturn ends. The following

Update Wednesday 6 May

$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 created for cleaners, increasing the hours of existing cleaners and redeploying cleaners who would otherwise have lost jobs due to the temporary closure of some public facilities. Supplementary contracts available to cleaning businesses include: general cleaning in low-risk areas enhanced cleaning for COVID-19 risk reduction environment cleaning of facilities after a suspected COVID-19 diagnosis and cleaning auditing services.

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