No.63 COVID-19 Update – JobKeeper Payment

On 30 March 2020, the Government announced a $130 billion JobKeeper Payment to help keep Australians in jobs as the country seeks to deal with the significant economic impact from the Coronavirus. Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a subsidy from the Government to continue paying their employees.
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No. 62 COVID-19 Update – Superannuation Edition

On 22 March 2020, the Australian Government announced a stimulus package that included measures to support retirees in response to the COVID-19 impact on superannuation savings. The main measures relating to retirees and superannuation are as follows: 1.  Temporarily reducing superannuation minimum drawdown rates The Government is temporarily reducing superannuation minimum drawdown requirements for account-based
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No.61 COVID-19 Update – Response from the State Governments

Victoria’s Economic Survival Package The Victorian Government announced a $1.7 billion economic survival and jobs package.  As part of the package, the Victorian Government will provide the following support. Full payroll tax refunds for the 2019-20 financial year to small and medium-sized businesses (SMEs) with payroll of less than $3 million. Payments will start flowing
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No.60 COVID-19 Update – Federal Government Expands Economic Stimulus Package

On 22 March 2020, the Australian Government announced an expanded economic response to help businesses and households through the period ahead in light of the broader and more prolonged impact of the Coronavirus outbreak. Building on the previous measures (which were outlined in our Client Alert No.59 COVID-19 Update – Government Economic Stimulus Package) this
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No. 59 COVID-19 Update – Government Economic Stimulus Package

On 12 March 2020, the Australian Government announced a $17.6 billion economic stimulus package to support individuals, businesses and households affected by the rapidly spreading COVID-19.  The package announced by the Australian Government has four main focus areas. 1.  Supporting business investment (effective from 12 March 2020) Increasing the instant asset write-off The Government is
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Client Information Bulletin | February 2020

Topics covered in this edition of our Client Information Bulletin are: What has the ATO been doing? Looking at your lifestyle Trading stock taken for private use When labour costs might not be deductible Activity statement financial processing Tip-off to keep the competition fair SMS scam – tax refund notification Small Business CGT concessions Super
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Client Information Bulletin | November 2019

​Topics covered in this edition of our Client Information Bulletin are: Have you missed the STP start date? Get your PAYG withholding obligations right Withholding for employee shares Are you changing your business structure? Working out if you have to pay super Superannuation guarantee amnesty a step closer Disclosure of business tax debts The end
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Client Information Bulletin | September 2019

Topics covered in this edition of our Client Information Bulletin are: It’s Tax Time again! Tax changes for 2019 Expanding accelerated depreciation Increasing access to company losses: ‘Similar business test’ Single Touch Payroll International Tax Changes 5 tax tips for small businesses What are ATO’s focus areas? Key Tax Dates Tax changes for 2019 –
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