JobKeeper payment of $1,500 per fortnight

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Our Facebook page is always up to date as we eagerly await any updates to support small businesses, just like you. However, it takes several days from the announcement for the details to be worked out (by the ATO/ Government) and for any new measures to be legislated. We prefer waiting until these are certain to advise our clients as lot of them are not open to interpretation. However, the…  Read more

Bootstrapping so you can keep going

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Bootstrapping is figuring out how to reduce the cash you need to start, by eliminating any unnecessary overheads while finding out who will give you a hand.   If for whatever reason you’re not able to raise enough capital to start-up you might be able to get what you need by ‘bootstrapping’ (finding what you need through unconventional or low-cost methods). Have others lend what you need You don’t have…  Read more

Webinar recording – Things you can do right now to protect your business from Covid-19

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This is a recording of a webinar we have run for not only our clients but any business owners to let them know what help is available to them from the government stimulus package as well as what steps to take/ things to consider during these tough times.   Webinar Recording – Things you can do right now to protect your business     Make sure to connect with us…  Read more

Government stimulus package as a response to the Coronavirus – Boosting cash flow for employers

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The Government is enhancing the Boosting Cash Flow for Employers measure it announced on 12 March 2020. The Government is providing up to $100,000 to eligible small and medium-sized businesses, and not for-profits (NFPs) that employ people, with a minimum payment of $20,000. These payments will help businesses and NFPs with their cash flow so they can keep operating, pay their rent, electricity and other bills and retain staff. Note that you…  Read more

Government stimulus package as a response to the Coronavirus – Supporting apprentices and trainees

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The Government is supporting small business to retain their apprentices and trainees. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice’s or trainee’s wage for 9 months from 1 January 2020 to 30 September 2020. Where a small business is not able to retain an apprentice, the subsidy will be available to a new employer that employs that apprentice. Employers will be reimbursed up…  Read more

New South Wales $2.3 billion Coronavirus stimulus

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The New South Wales measures to support businesses include the following:   Business support and jobs $450 million for the waiver of payroll tax for businesses with payrolls of up to $10 million for three months (the rest of 2019-20). This means these businesses will save a quarter of their annual payroll tax bill in 2019-20 $56 million to bring forward the next round of payroll tax cuts by raising…  Read more

Victorian Government response to the Coronavirus (Economic survival package)

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Victoria seems to have been the fastest acting state, also one that sends regular and meaningful updates. Their $1.7 billion measures include the following: Payroll Tax Refund Businesses with annual taxable wages up to $3 million will have their payroll tax for the 2019-20 financial year waived. This will support 24,000 businesses and up to 400,000 workers. The State Revenue Office will directly contact eligible businesses to reimburse them for…  Read more

Queensland Government unveils $4 billion package to support health, jobs, households and QLD businesses

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For small and medium businesses and large businesses specifically impacted by COVID-19, QLD Government will refund two months’ worth of payroll tax. Additionally, they’re giving small and medium businesses a three-month payroll tax holiday, and a further six-month payroll tax deferral for any of these Queensland businesses. (Could it get more complicated than this??) “Combined with the payroll tax deferrals we’ve already announced, it means no Queensland business impacted by…  Read more