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Agribusiness Digital Solutions Grants Program
The Palaszczuk government in conjunction with the Minister for Agricultural Industry Development and Fisheries have assigned up to $1.2million to industry organisations to develop, trial and promote digital solutions in agriculture and food supply chains.
Transfer Duty exemption for Queensland small business restructures
Queensland small business owners can restructure their businesses without incurring transfer duty under an administrative arrangement applying from 7 September 2020. Whether the owner’s objective is asset protection, tax planning or a more suitable operating structure, the new arrangements remove a long-standing hindrance to optimal business management and growth.
JobKeeper Update: 7 Alternative Test Categories Announced
On Wednesday 23 September 2020 the ATO registered the Coronavirus Economic Response Package (Payments and Benefits) Alternative Decline in Turnover Test Rules (No 2) 2020. These Rules set out the alternative tests that can be used to determine if the decline in turnover test is satisfied for the purposes of JobKeeper payments from 28 September 2020.
Small business capital gains tax concession, 15-year exemption, does your business qualify?
One of the most generous tax concessions available to business owners is the 15-year exemption under the small business CGT concessions.
Workplace Sexual Harassment is a Board and Business Owner liability issue
Sexual Harassment in the workplace has been unlawful for so long that you would think that we would have eradicated it by now. However, a recent report Respect@Work: Sexual Harassment National Inquiry Report (2020) reveals that we are far from managing this issue, and nowhere near eradicating it from our workplaces.
JobKeeper updates see split rates and changes to decline in turnover test
On 15 September 2020, Federal Treasurer, Josh Frydenberg announced registered updates to the JobKeeper rules (Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8) 2020) which will see an extension of the support payment for a further six months.
Mazars partners with Ocean Impact Organisation
As we continue our commitment to corporate social responsibility, Mazars is pleased to be supporting the Ocean Impact Organisation and their mission to create an abundant and sustainable ocean.
Jobkeeper 2.0 - Implications for flexibility in employment
The recent amendments to the Jobkeeper arrangements have changed more than just the monetary value of the Jobkeeper wage subsidy. Employers need to be aware of the changes to ensure that when managing employees they do not breach the Fair Work Act, 2009 (FWA). From 28 September 2020, there will be three different categories of employers in Australia and employers must understand which category they fall into and what management options are available to them.
Business Survival Package for Victorian Businesses
The Victorian Government has announced further assistance packages to support businesses to survive and adapt on the road to Covid normal. The two assistance packages, valued at $3 billion and $290 million respectively, will include cash grants, tax relief and cashflow support.
Applications for Smart Farms Small Grants now open
The Department of Agriculture, Water and the Environment have released an additional $6.5 million under the Smart Farms Small Grants program. Competitive grants of up to $100,000 will be awarded for eligible projects in Round 4 of the program that are to be completed by 30 June 2023. Applications for this final round of funding close at 10pm (AEST) on 9 October 2020.