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What does Covid-19 (Carona Virus) mean for your Business. Whilst I have been a “calm down the flu is worse” type of person, I know that COVID- 19 is about to impact all of us. When stock markets crash by 10% in one day, the signs are irrefutable. When sporting events are called off or […]

Our in-depth analysis of the Stimulus package 2 will be available here once the package has been given Royal Assent – i.e. becomes law. Stay tuned

This page will update during the day however some early reading can be found below: Fact sheet – 1: JobKeeper overview: https://t.co/cgr1EDTfoc Fact Sheet – 2: JobKeeper info for employers: https://t.co/vqJ1gyWxBF Fact Sheet – 3: JobKeeper info for employee: https://t.co/OCyT04sjgn We’ll be back soon.

JobKeeper Payment Today the Federal Government released a major stimulus program aimed at businesses retaining their employees. I’ll get to the underlying reasoning shortly, but in summary the measures are: $1,500 per employee for up to six months You qualify: with turnover less than $1b. and no Major Bank Levy in place. You need to:

If you have been affected by COVID adversely, then you are able to access a $10,000 withdrawal from your super up to twice in the year ending 30 June 2020 and then again in July 2020. There are conditions however and broadly they are: ELIGIBILITY You must REQUIRE the early release to get you through adverse economic

The list of deductions that are available to you are as always linked to your employment. If you can show how they helped you earn your income, how you calculated them and what supporting documents that you posses then these will be used to reduce the amount of tax that you pay. So the following,