New COVID-19 cases resulted in Victoria going into a short lockdown. Although the lockdown itself wasn’t very long, the estimated damage to the economy was high. Experts are saying that the short lockdown could cost the state $1bn. Although there […]
During the release of the 2020-21 Budget, the Australian Government announced a major overhaul to depreciation tax concessions. Eligible businesses that have acquired an asset from 6th October 2020 are now able to deduct the cost of the eligible depreciating asset […]
The ATO has clarified the reporting requirements for employers for Single Touch Payroll (STP) from July 2021 and also provided a temporary exemption for small employers in respect of closely held payees Unless employers have an exemption, closely held employees […]
Experts have stated that the accelerated rollout of the Coronavirus vaccine will provide the economy and budget with a much-needed boost. The treasurer was against extending the wage subsidies that applied through the peak of the pandemic. The Sydney area […]
Spreading misinformation and fake news has become all too easy right now because of social media. How easily social media facilitates deception has meant that being transparent is really important. A survey, conducted by an information research based company, found […]
COVID has prompted businesses to go digital, making cyberattacks an easy job for scammers. Small businesses are especially at risk because of the lack of resources to purchase high security tools and software. Consider using the following strategies to avoid […]
Having a strong digital presence has now become a basic part of running a business. Business owners are investing time and resources into developing and upgrading their websites. An important thing to remember during this process of website migration is […]
In our last JobKeeper 2.1 email, we advised that the government had revised the second phase of the JobKeeper program. One of the revisions was to expand the scheme to include employees who have been employed during the period 1 […]
Prompted by the economic impact of the shutdowns in Victoria, the government has revised the second phase of the JobKeeper program announced a couple of weeks ago and adjusted employee eligibility. The second phase of the Jobkeeper program was outlined in our email to […]
On 21 July 2020, the Government announced the extension of the JobKeeper wage subsidy scheme (previously due to expire on 27 September 2020) and a temporary boost to the JobSeeker unemployment benefit program. From 28 September 2020 to 3 January […]
