We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll let you know as soon […]
Click here to download the Spring 2020 Newsletter Profit Matters
Click here to download the Business Matters Newsletter Issue Q4 2020
The changes to personal income tax thresholds identified in the Federal Budget have been passed by Parliament and the ATO has subsequently updated it’s tax tables and withholding schedules. The changes will apply to payments made on and from 13 October this year, with employers now given until mid-November to implement the adjustments. “As the changes […]
Road to Recovery? The 2020-21 Federal Budget is a road to recovery paved with cash. Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion ‘JobMaker’ Hiring Credit to encourage businesses to take on additional employees aged 16 to 35 years old $110 billion in infrastructure investment over 10 years […]
Do you need to apply for the superannuation guarantee amnesty? If yes, you need to act now. If you have unpaid super to your employees, you must apply for the amnesty no later than 7 September 2020 to avoid incurring penalties or paying administration fees. To be eligible for the amnesty you will […]
JOBKEEPER 3.0 The Treasurer has announced further changes to JobKeeper, following on from our Newsletter ‘JobKeeper 2.0’ on 23 July 2020. SUMMARY OF KEY POINTS 1. The relevant date of employment will move from 1 March 2020 to 1 July 2020, which increases the number of employees able to access JobKeeper. 2. JobKeeper payments from 28 September 2020 – 3 January […]
Click here to download the Business Matters Newsletter Issue Q3 2020
JOBKEEPER 2.0 The Government announced on Tuesday an extension of the JobKeeper program to 28 March 2021 but with tighter access and reduced rates. From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility and prove an actual decline in turnover. If your business currently receives JobKeeper, your arrangements […]
Click here to download the Winter 2020 Newsletter Profit Matters
