JobKeeper 2.0
JobKeeper from 28 September 2020 We have summarised the key details in this update please download here. The first tranche of JobKeeper ends on 27 September 2020. Those needing further support will need to have their eligibility reassessed and prove an actual decline in...
Code of conduct for commercial tenancies
The Prime Minster has announced that the states and territories will legislate a mandatory code of conduct for commercial tenancies – see National Cabinet Mandatory Code of Conduct. The code applies where: The landlord or tenant is eligible for the JobKeeper...
The Coronavirus scams you need to watch out for
The Coronavirus pandemic has changed our way of life and while many people have responded to situation with kindness and compassion, there are some people who are taking full advantage of the pandemic. Scammers try to steal your personal and...
ATO releases JobKeeper alternative test
The alternative tests will only kick in if an entity cannot satisfy the basic decline in turnover test. These include where an entity commenced business after the relevant comparison period in 2019 or the business did not exist in the relevant...
Automatic ATO lodgement and payment deferrals
The Tax Office will now apply automatic lodgement and payment deferrals for company 2018–19 income tax returns to a new due date of 5 June 2020. Further, SMSF 2018–19 annual returns will now be due on 30 June 2020. 2019–20...
The ATO Increases the Instant Asset Write-off
What is an Instant Asset Write-off? The instant asset write-off allows small to medium-sized businesses to claim immediate deductions for plant and equipment asset purchases (both new and second-hand). Equipment includes vehicles, tools, machinery and office equipment. The asset must...
6 months moratorium on residential tenancy evictions
The NSW Government is introducing measures to help landlords and tenants work together. The support package includes a six-month moratorium on landlords making applications for evictions due to rental arrears: for tenants who are financially disadvantaged by COVID-19, and where...
SME Commerical leasing principles during COVID-19
National Cabinet Mandatory Code of Conduct SME Commercial leasing principles during COVID-19 The National Cabinet has agreed that states and territories will implement a mandatory code of conduct for commercial tenancies. More information here
Claiming tax deductions for working from home due to Coronavirus is being made easier
Working from home because of Coronavirus? You’re now eligible for a new 80 cents per hour tax shortcut The Australian Taxation Office (ATO) is introducing a new method which will allow people to claim 80 cents per hour for all...
JobKeeper Payment – FAQs
JobKeeper – Frequently Asked Questions WHAT IS THE JOBKEEPER PAYMENT? The JobKeeper Payment is a payment made to eligible businesses and not-for-profits affected by the Coronavirus to support them in retaining employees. Eligible businesses that elect to participate will receive...
