Despite the ongoing impact of COVID-19, things are looking up for Australia according to the findings of the latest Deloitte Access Economics Business Outlook report. Chris Richardson, Partner, Deloitte Access Economics reports despite the ongoing battle with COVID and the possibility of mutations and new strains, Australia is well placed for recovery. Richardson says while […]
The NSW Government has announced a $1bn support package for struggling NSW small businesses. Acknowledging the difficulty that business operators have faced, the NSW Treasurer Matt Kean has announced a package of measures to support small businesses impacted by COVID-19 over January and February 2022. Releasing the package, the NSW Treasurer said, “household balance sheets […]
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We would like to introduce you to Sue Wilson from Connecting Finance! Sue is a highly experienced Finance Professional with over 20 years in the Banking Industry, including 7 years as a Regional General Manager with one of the Big 4 Banks both in Business Banking and Consumer Residential Lending. Whether you’re looking to buy a new home […]
Important Notice: Director Identification Number Regime Based on the recent ATO announcement, the Australian Business Registry Services (ABRS) will be introducing and maintaining the Director Identification Number as of 1 November 2021. What is a Director Identification Number? The Director Identification Number (Director ID) is a 15 digit unique identifier that will help prevent the […]
Click here to download the Profit Matters Newsletter – Spring 2021
Jobsaver, Disaster Payments & Micro-Business Grant to be phased out As vaccination targets are being met across NSW, the Government has announced the procedure for phasing out the stimulus currently in place, as follows: JobSaver and Micro-business grant At 70% Double Vaccination Rate (16 years and older) JobSaver: Payments will reduce from 40% to 30% […]
The NSW Govt has implemented further measures to mandate rent relief for eligible commercial tenants impacted by COVID-19. Broadly, in order to qualify, tenants must have entered into a lease before 26 June 2021 and be an “Impacted Lessee,” which means they qualify for either the: 2021 COVID-19 JobSaver payment; or Business Grant; or […]
Following on from our newsletter last week, we can now confirm that fortnightly confirmations will be required in order to continue to receive JobSaver payments. Businesses will be required to confirm the following fortnightly: That the business continued to experience a decline in turnover of 30% or more for that fortnight compared to a prior […]
Further to the updates earlier today, Service NSW has announced a 2 weeks grace period to confirm eligibility for the JobSaver program. The Professional Accounting Bodies will be working with Service NSW in the meantime to consider workarounds for the eligibility tests. We will be in contact as further information becomes available. If you have […]
