This is our monthly blog containing insightful information on the latest tax, business, accounting and finance issues. Browse the sequential list of posts below, use the search function to find specific content and subscribe to have future posts emailed directly to you.
The revised Commercial Tenancy Relief Scheme Regulations 2021 (Vic) (Regulations) introduces temporary measures for retail and commercial landlords and tenants in response to the COVID-19 pandemic.
The Regulations are complex, with critical time limits for both tenants and landlords. The Regulations can also alter existing rent relief agreement. They apply from 28 July 2021 until 15 January 2022.
Read MoreThe Victorian Government has announced additional support for businesses most effected by the extension of the lockdown in Victoria.
Read MoreThe Federal and Victorian Governments have announced a range of further support programs for businesses and individuals who have been impacted by Victoria’s fifth lockdown.
Read MoreAs part of its 2020-21 Federal Budget, the Government announced a new JobMaker Hiring Credit to incentivise businesses to hire additional employees.
Read MoreThe Federal Treasurer, the Hon. Josh Frydenberg MP, delivered the 2020 Federal Budget at 7:30pm (AEDT) on 6 October 2020. This post provides a summary of the key taxation measures presented.
Read MoreLegislation and Rules have been passed to implement the JobKeeper extension from 28 September 2020 to 28 March 2021.
Read MoreThe Victorian Government has announced a new support package to the value of $3 billion in cash grants, tax relief and cashflow support to be delivered to Victorian businesses that have been most affected by COVID-19 restrictions.
Read MoreOn 7 August 2020, the Treasurer announced further changes to JobKeeper which have the effect of relaxing JobKeeper eligibility so as to enable more businesses and their employees to access essential support.
Read MoreThe Victorian Government announced updated restrictions for Melbourne and regional Victoria to help slow the spread of coronavirus (COVID-19) in Victoria. These restrictions mean that many businesses will have to operate in a limited capacity or can no longer operate.
To support businesses impacted by these restrictions, one-off grants will be made available to eligible businesses under the Business Support Fund – Expansion program.
Read MoreOn 21 July 2020, the Government announced an extension of the JobKeeper program to 28 March 2021 but with tighter access and reduced rates. From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility and prove an actual decline in turnover.
If your business currently receives JobKeeper, your arrangements will generally remain unchanged until 27 September 2020.
Read more for a summary of the key details for employers on JobKeeper 2.0.
