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The 2020/21 Federal Budget & what it means for you

Happy Wednesday, Today we wanted to help explain the latest changes to the Government’s 2020/21 Federal Budget. There’s been a lot of confusion around the budget and yes, trying to get your head around all the changes yourself can be overwhelming. Although a bit dry, stay with us as we do our best to explain the…

Jobkeeper 2.0 | An overview of eligibility & payments

Hey everyone, Today, we wanted to run you through a summary of the changes that will be rolling out for Jobkeeper 2.0. As you may be aware, the Government recently announced that the Jobkeeper Payment would be extended by a further six months to 28 March 2021. With the additional criteria, they hope to provide…

COVID-19 Stage 4 Restrictions & Jobkeeper

In light of last weekend’s COVID-19 restrictions update, we wanted to let you know that our office will remain closed however our team will continue working remotely from home. The news poses challenges and disappointment for many businesses across Victoria, however we remain committed to helping and supporting you as best we can. Although we…

Business Support Fund Extension for businesses impacted by covid 19

Applying for the Business Support Fund Extension & Jobkeeper Payments

As you would be aware, Victoria has now entered into Stage 4 lockdown for 6 weeks. To help support your businesses through this period, here are some key support measures to consider: 1) August & September JobKeeper Payments If you haven’t previously enrolled for JobKeeper payments, NOW is the time to reassess your eligibility. All enrolments to…

Stage 4 Coronavirus Restrictions: Office Changes & JobKeeper Payments

Given the release of Stage 4 restrictions, we have some important information to share with you. Before we go into that, we wanted share our compassion and support for each of you who have been impacted by COVID-19. Whether it be closing your business or having lost your job. We understand that the next 6…

MyGov accounts are NOT compulsory | So, do you really need one?

In February 2020, legislation came into effect that requires all employers to start reporting their payroll through Single Touch Payroll from 1 July 2019. Employers were given until 30 September 2019 to start reporting without needing to apply for additional time. As an employee, these changes mean that your tax and super information is now…

JobKeeper Extension: Here’s the details

JobKeeper Extension Update: Key Summary In case you hadn’t heard… The Government recently announced their intention to extend the JobKeeper Scheme post September (Yay!). This is great news, and will help to provide some additional relief for businesses and employees impacted by COVID-19 restrictions. Similar to the first round, there will be certain conditions that…

Cyber Security Alert: What to look out for

New alerts on cyber security have been released this year. With all small businesses being reminded about the importance of keeping an eye out for scams and hackers at EOFY. As a business owner, it is critical to take simple measures to protect your business and personal information against phishers and scammers. Here are some…

5 Tax Myths that could delay the processing of your Tax Return this year

There’s no doubt that 2020 has been difficult. However, organising your tax return appointment in July may not give you with the benefits you’re after. In some cases, rushing in to lodge early (because you’re expecting a tax refund), can become a hindrance for you rather than an advantage. As adapted from Tax & Super…

Updates to $10,000 Business Support Fund Criteria

Yesterday, the Victorian Government announced that they are going to be extending their $10,000 Business Support Fund. That way they can support even more Victorian businesses affected by the Coronavirus pandemic. They are now expanding the criteria to include businesses with a wages bill less than the payroll tax threshold of $650,000 who are participating…