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One of the most important focus points for your business “Now”
Qld Small Business $10,000 Adaption Grant
The Queensland Government announced a Small Business Adaption Grant Program on 19 May to assist small businesses with payroll of less than $1,300,000 who have experienced significant business disruption as a result of the pandemic.
COVID-19: Working from home for employees – a new reality, with tax benefits
This information is an overview of the tax treatment of expenses relating to employees working from home including an update on the Australian Taxation Office's (ATO’s) updated guidelines as a result of the Coronavirus (COVID-19) pandemic.
ATO and COVID-19 stimulus extensions announced
Businesses and individuals are really feeling the challenges as a result of COVID-19 so it will be a relief to some with the extensions that the Australian Taxation Office (ATO) has released around the JobKeeper stimulus and ATO lodgement deadlines.
Rebuilding credit card profitability post COVID-19
The current pandemic is having far reaching consequences across all aspects of society. Compared to other industries the impact on the credit card industry is relatively mild and from a customer perspective the value of on-demand liquidity is now clearer than ever. However, there will be significant impacts on industry profitability. Reduced international travel will severely impact foreign currency fees, a major revenue driver for credit card issuers. Likewise, stresses on borrowers will drive market increases in bad debt. Both issues are likely to be with us for some time so what steps should issuers take to adjust to the new normal?
Jobkeeper wage subsidy - how you can use the subsidy to engage your employees and build your business
Jobkeeper applications opened with the ATO as of 20 April 2020. Those employers who are approved for the wage subsidy will have many options available to them in terms of how they utilise existing staff and how they bring back staff who have previously been stood down or made redundant.
Land Tax Relief - Qld, NSW & Vic responses to COVID-19
The evolving COVID-19 pandemic has compelled the Queensland, New South Wales and Victorian Governments to offer land tax relief. The earlier forms of Government relief were aimed at projecting jobs by subsidising wages and reducing PAYG and payroll tax costs. This week, State Governments have focussed on commercial and residential tenants in financial distress who cannot keep up with rental payments.
Commercial leasing principles for SMEs and their landlords during COVID-19
The National Cabinet has released a mandatory Code of Conduct (the Code) that applies to commercial tenancies, including retail, office and industrial leases. The Code aims to support small and medium enterprises (SMEs) that are suffering financial stress or hardship due to the COVID-19 pandemic.
JobKeeper Stimulus Package - What, Why, Who and When
We've summarised the latest information on the JobKeeper Stimulus package to help businesses and not for profit organisations. Here is an overview of what you need to know including the what, why, who and when.
Jobkeeper wage subsidy – what does it mean for your business?
On 8 April 2020 the Australian Parliament passed the legislation necessary to introduce the Jobkeeper wage subsidy. The legislation was given Royal Ascent on Thursday 9 April 2020. Although this gives us greater clarity in relation to what may change at the workplace, questions around timing and eligibility for employers and which employees are to be covered remain in need of some additional clarity.