Show Me the Money! Let’s Torque On the tip of everyone’s tongue in the SME world are 4 words – show me the money! The government stimulus package is the lifeboat that we have all been waiting for. It’s come out in bits and pieces, and as usual, the devil is in the detail. Our […]
HOMEBUILDER: WHAT IS IT AND HOW DO YOU ACCESS IT? The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. There are a few complexities to this grant that both home builders/renovators and the building industry need to be across before jumping in and […]
Click here to download the Business Matters Newsletter Issue Q2 2020
ATO JOBKEEPER AUDIT TARGETS The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources. The JobKeeper estimates error Hindsight is a dangerous lens as Treasury discovered last month announcing that […]
NSW GOVT – $10,000 GRANTS FOR BUSINESSES SEVERELY IMPACTED BY COVID-19 To be eligible, businesses will need to: Be highly impacted by the Public Health Order 2020 (COVID-19 Restrictions on Gathering & Movement) and experience a decline in turnover of at least 75% compared to the equivalent period (of at least 2 weeks) in 2019. […]
JOBKEEPER STEP BY STEP DETAILS FROM ATO ON HOW TO ACCESS IT The ATO late yesterday released specific detail on exactly how you can access JobKeeper for your business. Below is the summary of what you need to do or CLICK HERE for the full ATO detail. Please note that as further information will be released from the […]
FINALLY SOME CLARITY FOR COMMERCIAL LANDLORDS & TENANTS Please see below an outline of what this means for you and your CASHFLOW NEW MANDATORY COMMERCIAL TENANCY CODE On Tuesday 7 April the National Cabinet agreed on a mandatory commercial tenancy code for any businesses that: have a turnover of $50 million pa. or less […]
TOP 10 GOVERNMENT STIMULUS INITIATIVES – FOR BUSINESS OWNERS (AS AT 7 APRIL 2020) The Jobkeeper Payment & Cashflow boost for employers are the most significant initiatives for business owners (points 1 & 2). There are 8 further measures that may be of benefit to you and are worth being aware of (points 3-10). We […]
JOBKEEPER PAYMENTS AND ATO DEFERRALS PLEASE READ THE BELOW IMPORTANT UPDATES – NOTE – IT IS CRITICAL TO THE BELOW THAT ALL ATO LODGEMENTS (INCLUDING INCOME TAX AND BAS) ARE KEPT UP TO DATE JOBKEEPER PAYMENTS The Prime Minister yesterday announced a $130bn JobKeeper payment to support Australian businesses impacted by COVID-19. As you would […]
Click here to download the information on the $1,500 JobKeeper Subsidy
