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Covid-19
Migration Planning Levels for 20/21 Financial Year as a result of COVID – 19 pandemic   As a result of the COVID-19 pandemic, the Federal Budget has been deferred until 4 October 2020. This has significant implications for all government departments dependent on the financial allocations made as part of the Budget decisions, including the…
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Prime Minister Scott Morrison has recently announced the government was looking into ways to resume international travel. “I think there will be the opportunity for Australians to engage in essential business travel,” he told 2GB Radio. Scott Morrison said that international travel was already open for a small number of businesses, “provided the quarantine arrangements are…
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Many of our business clients like to review their tax position at the end of the income year and evaluate any year-end strategies that may be available to legitimately reduce their tax.   Traditionally, year-end tax planning for small businesses is based around two simple concepts (i.e., Accelerating business deductions and deferring income).  This year, consideration…
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Tax saving strategies prior to 1 July 2020 A good strategy to reduce tax payable is normally to accelerate any income tax deductions into the current income year, which will reduce overall taxable income in the current year.  Despite this, for the 2020 tax season, tax planning may require consideration of an individual’s potentially reduced…
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The Federal Government has announced a $25,000 HomeBuilder tax-free stimulus grant. The stimulus is targeted at home owners to build new houses or renovate their existing ones. The grant is available where a contract is signed between 4 June 2020 and 31 December 2020. The Federal Government hopes this new HomeBuilder scheme will encourage home…
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Overview of latest COVID-19 information from the Department of Home Affairs for Businesses and Employers.   The Department of Home Affairs has recently provided information to assist specific industries as well as employers affected by the ongoing pandemic.  These measures are designed to assist Australian employers and key industries recover from the effects of the…
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JobKeeper declaration due 14 June Businesses that have enrolled in the JobKeeper Scheme and identified their eligible employees are reminded that they will need to make a monthly declaration to the ATO to ensure they continue to receive JobKeeper payments. The monthly declaration must be made by the 14th day of each month to claim…
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Applications are drawing to a close for the Service NSW Covid-19 support grant of $10,000 for small business’s highly impacted from COVID-19 pandemic following the NSW Public Health Order on 30 March 2020. The grant is part of the NSW Government Small Business Support Fund. Applications are open until 11.59 pm Tuesday 30 June 2020. Eligibility…
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Australian Red Cross announcement – Assistance to Temporary Visa Holder   The Red Cross has announced on its website that it will be receiving funding from the Australian Government for the next six months to deliver emergency relief and casework support to temporary visa holders who have no way to support themselves and who have…
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The following measures in relation to temporary visa holders have been announced by the government in response to the Covid-19 pandemic. Further announcements are expected in the near future. Temporary skilled and student visa holders able to access superannuation Acting Minister Tudge has today announced that temporary visa holders will be able to access up…
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