After easing off on its debt collection activities during the height of the COVID-19 pandemic, the Australian Taxation Office (ATO) is now ramping up debt collection, actively pursuing the recovery of billions of dollars in outstanding tax liabilities. As a key part of the recovery program, the ATO has been writing to individuals and businesses […]
READ MOREPandemic sees an increase in SMEs turning to trusted advisors
As challenging conditions brought on by the COVID-19 pandemic continue to put stress and strain on businesses, a growing number of business owners have sought advice and support from their professional advisors as well as their family/friends, colleagues and suppliers. The top 5 challenges facing businesses owners continue to be: Recruitment and labour shortages Supply […]
READ MORENew financial support grants for NSW, SA, WA businesses
Businesses struggling with the COVID-19 Omicron wave of the pandemic have been offered new financial support grants in NSW, SA and WA. These grants have just been announced by the three state governments and will be a very welcome cash injection for struggling small businesses. New South Wales The NSW government has announced a $1b […]
READ MORETourism and Hospitality Hardship Grant
Queensland tourism and hospitality operators facing significant financial hardship as a result of COVID-19 travel restrictions may be eligible for the Hardship Grant. Grants of up to $100,000 are available for a range of eligible tourism and hospitality operators. The $80 million program will support these businesses to continue offering a viable product and be […]
READ MOREWorking from home? 3 Practical tips for business owners
With COVID-19 impacting businesses across all industries, it may be time to consider if your team can work from home? If this is an option for you, it is essential that you implement procedures and policies that keep your team accountable to ensure continuity of your business Does your team have everything they need to […]
READ MOREExpats returning to Australia – money traps to avoid when getting home
There are close to 40,000 Australian citizens and permanent residents registered with the Department of Foreign Affairs and Trade (DFAT) stranded overseas trying to return home to Australia. India and the UK have the most individuals registered to return home, followed by the US, the Philippines and Thailand. With so many expats heading back to […]
READ MOREPreparing for the end of JobKeeper
With JobKeeper coming to an end on 28 March 2021, businesses that qualified for phase three of the support scheme now face the reality of surviving without financial assistance. This can be a frightening reality for businesses that have not recovered to pre-COVID performance and have employees that rely upon them. Communicate with your Employees […]
READ MOREExpansion of SME Loan Scheme
On the 11th March, Prime Minister Scott Morrison announced a $1.2 billion stimulus package to support the domestic tourism sector with Australian travellers offered half-price flights to travel interstate. As part of its targeted support announcement, the Morrison government also announced an extension to and expansion of, its SME Loan Guarantee Scheme. Open to recipients […]
READ MOREJobKeeper 2.0 – Legislation passed! Do you qualify?
The JobKeeper 2.0 legislation has passed Understand how to qualify via the updated Basic and Alternative Tests What doesn’t change with JobKeeper? Businesses already enrolled for JobKeeper before 28 September 2020 do not need to re-enrol for the extension. They will need to continue to report monthly by the 14th day of each month. Businesses […]
READ MOREChanges to JobKeeper – Current scheme updated and effective from 3rd August 2020
On Friday 14th August 2020, the Treasurer released updated JobKeeper Rules in regards to a new test date for eligible employees from 3 August 2020 onwards. Under the original JobKeeper rules, an employee needed to have been employed by the entity as at 1 March 2020. The new rules allow that the relevant test date […]
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