by Marketing | Apr 14, 2020 | JobKeepr, JobSeeker, Stimulus 3, Stimulus Package 1, Stimulus Package 2, Uncategorized
The Queensland Government provides a rental grant to Queensland residents who have lost their jobs due to Covid-19 and have no access to other financial assistance. Queensland Government COVID-19 Stimulus Measure The grant is a one-off payment of up to 4 weeks’...
by Marketing | Apr 4, 2020 | JobKeepr, Stimulus 3, Stimulus Package 1, Stimulus Package 2
JobKeeper Stimulus Package Legislation has yet to be released on the $130 billion JobKeeper payment stimulus package. Temporary Measures As a temporary measure, Federal Government Treasury updated its fact sheet, giving the ATO discretion when determining entitlement....
by Marketing | Apr 4, 2020 | JobKeepr, JobSeeker, Stimulus 3, Stimulus Package 2
Assessability of JobKeepr Payments We have recently been asked a question about receiving JobKeeepr/JobSeeker payments in addition to income from a second employer. I will answer the question in two contexts: If your current job/position has been placed in hibernation...
by Marketing | Apr 1, 2020 | Uncategorized
JobKeeper Announcement The JobKeeper payment announced on 30/03/20 intended to relieve the huge demand on Centrelink resources, sharing with the ATO. What is JobKeeper Eligible employers impacted by Coronavirus will be able to claim a fortnightly payment of $1500 for...
by Marketing | Mar 31, 2020 | Uncategorized
Yesterday the Australian Government announced Stimulus 3 package which includes a new stimulus entitlement Jobkeeper. What wasn’t clear at first was whether this entitlement also covers sole traders. The ATO has now made that clear as per announced on the ATO...
by Marketing | Mar 30, 2020 | Stimulus Package 1, Stimulus Package 2
Reading all the material on Stimulus 2 can be overwhelming. To make it easier for clients we have broken down the Centrelink component into the following table: Sorry your browser does not support inline frames. Government Fact Sheet on Income Support for...
by Marketing | Mar 29, 2020 | Uncategorized
The ATO has announced several relief measures to assist businesses affected by COVID-19. They include: Deferring payment of BAS accounts by up to 6 months. However, any Stimulus 2 funds received to your BAS account will offset outstanding balances. Allowing businesses...
by Marketing | Mar 26, 2020 | BAS Bookkeeping, Bookkeeping Services, Business Startup, Business Structures, Company Setup, Employment, Income Tax - Business, Income Tax - Individuals, Shelf Company, Single Touch Payroll, Tax Saving Strategy, Tradies, Trust Setup
SMALL BUSINESSES NEED TO GET READY Stimulus Measures The Australian Government’s economic response to the COVID-19 crisis is a two-pronged approach. Cash Flow Boost JobKeeper/JobSeeker How do They Work We have been busy answering inquiries and calculating...
by Marketing | Mar 25, 2020 | Uncategorized
23 March 2020. Following are some PDF fact sheets etc on the different components to the Stimulus 2 Package. Note the government has announced there may be more stimulus to follow. Additional analysis and explanaitions will follow in other posts. Decision Tree ==>...
by Marketing | Mar 25, 2020 | BAS Bookkeeping, Bookkeeping Services, Busienss Strategies, Employment, Income Tax - Business, Single Touch Payroll, Stimulus Package 1, Stimulus Package 2
Stimulus 1 and Stimulus 2 Stimulus 2 has just been announced and contains multiple components. Stimulus 2 modifies Stimulus 1. Several fact sheets are available from various government sites that help explain the package’s different components. Boosting Cash...
