LATEST NEWS
Forecasting During a Pandemic
forecasting during a pandemic How do you plan for uncertainty when every assumptions is subject to change? Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely...
JobKeeper Alert
JobKeeper alert With the employee test date for JobKeeper moved to 1 July 2020, some additional employees might have become eligible for JobKeeper. The August JobKeeper monthly business declaration is due by 14 September and is different to the previous form as...
Has COVID-19 devalued your business?
Has covid-19 devalued your business If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact on value? Should you discount or hold firm to pre...
COVID-19 and Your SMSF
COVID-19 and Your smsfCOVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000 of their superannuation early under the COVID-19 measures, there are some...
What Now? Where to get help if you need it
WHAT NOW? WHERE TO GET HELP IF YOU NEED IT Help for Business JobKeeper 2.0 The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not employed on 1 March 2020 might...
1 July Company Tax Rate Reduction
1 July company tax rate reduction Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020. 2018-19&2019-20 2020-21 2021 - 22 Base rate entities 27.5% 26% 25% Other corporate tax...
The ATO’s JobKeeper Audit Targets
the ato's 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...
Have Casual Workers Been Granted Annual Leave
have casual workers been granted annual leave News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail.At present, there is no global change granting Australian...
$1500 JobKeeper Subsidy to Keep Staff Employed
$1500 JobKeeper Subsidy to Keep Staff Employed A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1 billion) To be a part of the subsidy,...