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 MOREGet ready GC – the tourists are coming!
With the goal of getting domestic travellers to offset the spending of international visitors, the $1.2b domestic travel stimulus package will offer 800,000 half-priced flights. Available from 1 April, the half-price flight program will initially operate to 13 key regions, including the Gold Coast, Cairns, the Whitsundays and Mackay region (Proserpine and Hamilton Island), the Sunshine […]
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 MORECOVID-19 land tax relief – if you are a land owner, you may be eligible
In 2020, the Queensland government introduced a number of land tax relief measures in response to the impacts of COVID-19. These measures have been extended for the 2020-2021 assessment year. If you are a land owner, you may be eligible for one or more of the following land tax relief measures: a 3-month deferral of […]
READ MORECovid-19 International Tourism Adaptation Grant
With international travel grinding to a halt, and domestic travel severely restricted, the tourism industry has been suffering more than most. The key objectives of the COVID-19 International Tourism Adaptation Grant program are to assist tourism businesses to: Pivot their product, service and/or marketing to a domestic tourism market Meet operating costs while the business […]
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 MOREGrants announced for Victorian businesses
The Victorian Premier has announced a new business stimulus package including $3billion in cash grants and tax relief $1.1 billion in support of SME’s affected by coronavirus restrictions: Third round of Business Support fund grants which provides up to $20,000 for businesses with payroll under $10 million Grants of up to $30,000 for licenced venues […]
READ MOREHas COVID-19 devalued your business?
If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. To what degree does the pandemic impact on value? Should you discount or hold firm to pre COVID-19 performance on the basis that ‘we’re going to come out of it eventually’? Understand the […]
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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