Category Archives: Economy

Greater Sydney COVID-19 Lockdown – What Government Support is Available?

In response to the extended Greater Sydney lockdown as a result of the recent COVID-19 outbreak, the NSW Government has announced various measures to provide financial support for businesses during the lockdown period. We summarise below the measures that have been announced and the information currently available from the NSW Government: Covid-19 Business Grant This… Continue Reading

The COVID-19 tax relief measures and support available for your 2021 tax returns!

It is the end of the financial year, and the tax season is beginning again. The COVID-19 pandemic has significantly impacted all of us including businesses, families, and the economy. The Australian Government has released various tax relief measures and support to help business and individual taxpayers. We discuss some of the various tax measures… Continue Reading

2021 Federal Government Budget

At 7:30pm tonight, Josh Frydenberg delivered his third budget announcing that “Australia is coming back! In the face of a once in a century pandemic, the Australian spirit has shone through. Doctors and nurses in the frontline, teachers in virtual classrooms, and businesses big and small keeping the economy moving. Team Australia at its best…… Continue Reading

New wages subsidy for employers of apprentices and trainees

The Australian Government has announced the Boosting Apprenticeship Commencements wage subsidy to support employers and Group Training Organisations to take on new apprentices and trainees. Is my business eligible?  Your business or Group Training Organisation may be eligible if: you engage an Australian Apprentice between 5 October 2020 and 30 September 2021; and your Australian… Continue Reading

2020 Federal Government Budget

At 7:30pm tonight, Josh Frydenberg delivered his second budget announcing that “in 2020 Australians have been tested like never before… flood, fires, drought, and a global pandemic. So many Australians through no fault of their own are doing it tough. Lives have been lost, businesses have closed, jobs have gone. Our cherished way of life… Continue Reading

Jobkeeper – Nominate Additional Employees

On 14 August 2020, the Government announced an extension to the Jobkeeper Payment scheme which allows employers to nominate additional employees who were previously not eligible to be nominated for the scheme. These changes are detailed below. Changes to Eligible Employees When the Jobkeeper Payment scheme commenced, eligible employees were employees who: were employed by… Continue Reading

New options for claiming home office expenses during COVID-19

There is no doubt that COVID-19 has had a huge impact on just about every aspect of our lives. Many Australians have found themselves donning the newest fashion in work-attire and setting up instant home-offices. While there are already two existing methods for calculating the cost of working from home, the ATO has introduced an… Continue Reading

JobKeeper Payment: Eligibility Tests Clarified!

This week, the ATO published information about the JobKeeper payment, the eligibility criteria, and the process for claiming this payment. This has provided clarity to some of the common questions many businesses have been asking. We detail below these questions and the answers to them. How do you calculate a business’s reduction in turnover? We… Continue Reading

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