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 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.
As part of its 2020-21 Federal Budget, the Government announced a new JobMaker Hiring Credit to incentivise businesses to hire additional employees.
Read MoreThe Victorian Government has announced a land transfer (stamp) duty waiver for purchases of Victorian residential property with a dutiable value of up to $1 million.
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.
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.
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