JobKeeper Alternative Turnover Tests The ATO has now determined alternative tests for various businesses in relation to the fall in turnover where there is not an appropriate relevant comparison period. If your business satisfies the basic test, you do not need to go to any of the alternative tests as outlined. The alternative tests can […]
JobKeeper Guidance and Payment Further information has now been released by Treasury to clarify the comparison period is for either; any monthly period from March 2020 to the end of September 2020 OR any quarterly period from April to June or July to September, compared to the same monthly or quarterly period in 2019. Importantly, […]
You may now be working from home more than ever and you will be incurring costs of working from home, outlined below are various details as to what you can claim and how to claim those deductible expenses at tax time In order to be able to claim, all of the following must apply: You […]
JobKeeper In the third and largest economic stimulus package up to 6 million workers are set to be eligible for the $130 billion wage subsidy, known as the JobKeeper payment. The flat $1,500 payment, which will be delivered by the ATO, will be paid to businesses, and will include businesses which have been structured through […]
On 7th April 2020, the Government announced SME Commercial Leasing Principles During CoVid 19 that is to be implemented between landlords and tenants through the COVID-19 crisis. Throughout the pandemic and a reasonable recovery period the document appears to be very supportive of the Tenants (which is usually the business) “Reasonable recovery period” is a […]
As we are receiving information we are pushing the information to our clients in order that they are up-to-date. The below we feel is very relevant to anyone who over the past few days has found they have been stood down, business owners who may have just or are anticipating or have of stood staff […]
Just understand this is going to be tough, and when it gets tough you either dive, survive or thrive. It is our mission to ensure you thrive once the crisis is past and hopefully grow bigger and stronger on the other side. You need to be proactive now! Hard decisions aren’t easy to make, that […]
Wow! This week has been extraordinary since the initial announcement by the Government of the initial stimulus on March 12, added is the extra social distancing measures as well as the associated health actions and the suspension of the AFL competition, having a substantial impact on business in Australia. SMB Accounting will be working overtime […]
Below we have provided a briefing of the stimulus package which the government announced last week in response to the difficult times which are affecting all of us As a business owner or employee of a business, you may/will confront the possibility of yourself or members of your team being isolated from the work […]