On 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 MoreInsights & News Blog
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 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.
On 7 July 2020, the Victorian Government announced that Businesses within metropolitan Melbourne and Mitchell Shire that are affected by the return to Stay at Home restrictions may be eligible for a one-off $5,000 grant under the Business Support Fund - Expansion program. Applications for the program opened on 13 July 2020 and close on 19 August 2020.
Read MoreTax Return Checklists to assist in collating the information required for us to prepare your 2020 tax return.
Read MoreAs 30 June 2020 is fast approaching, we have compiled a guide with respect to year-end tax planning strategies.
Read MoreThe COVID-19 Omnibus (Emergency Measures) Act 2020 (the Act) came into operation on 24 April 2020.
On 1 May 2020, the Governor in Council made the COVID-19 Omnibus (Emergency Measures) (Commercial Leases & Licences) Regulations 2020 (the Regulations).
The Act and Regulations implement the leasing principles contained in the National Cabinet Mandatory Code of Conduct – SME Commercial Leasing Principles During COVID-19 (Code). In Victoria, it is the Act and the Regulations, rather than the Code, which now govern the rights and obligations of landlords and tenants in relation to the commercial leasing principles that are to apply to address the consequences of the COVID-19 pandemic.
The Federal Treasurer, the Hon. Josh Frydenberg MP, delivered the 2021/2022 Federal Budget at 7:30pm (AEDT) on 11 May 2021. This post provides a summary of the key taxation measures presented.
Read MoreOn 1 May 2020, the Victorian Government announced that they will be providing more support for Victorian businesses affected by the coronavirus pandemic via expansion of its $500 million Business Support Fund. Find out more about these concessions.
Read MoreThe Victorian Government has announced additional payroll tax relief to support businesses and jobs. Find out more about these concessions.
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