REMINDER – IMPORTANT CHANGE AT ID ACCOUNTING & WEALTH SOLUTIONS

A reminder that commencing this week, ID Accounting & Wealth Solutions will be trialling a 4.5 day working week, which will afford the team some extra daylight hours away from their desks to pursue those things that they are passionate about. Our office will close at 12:00pm on Fridays, as of this Friday the 9th…

THIS IS A MUST READ – IMPORTANT CHANGE COMING TO ID ACCOUNTING & WEALTH SOLUTIONS

2020 has been a tough year. For many people it has been difficult being isolated from their friends and families and denied opportunities to do the things they love. As the days get longer and the weather (hopefully) improves, we all look forward to getting back to something more like normal and making up for…

JOBKEEPER RULES UPDATED – JULY 1 ELIGIBILITY NOW IN EFFECT

The Australian government has moved to enact previously announced changes to the JobKeeper system. Part-time and full-time employees whose employment began after March 1 but on or before July 1 may now be eligible for JobKeeper from August 3 (JobKeeper fortnight 10). For fortnights commencing August 3 and August 17, the Tax Office will provide…

IMPORTANT CHANGES TO EMPLOYEE ELIGIBILITY FOR JOBKEEPER

It will be news to no one that JobKeeper has been extended to March. One aspect of the most recent JobKeeper announcements that has been overlooked is the changes to eligibility within the existing JobKeeper scheme. It is proposed that from 3 August 2020, the relevant date of employment moves from 1 March 2020 to…

VICTORIAN GOVERNMENT BUSINESS SUPPORT PACKAGE

In the wake of stage 3 and 4 restrictions, the Victorian Government has expanded the business support package to regional Victoria. Eligible businesses in regional Victoria can receive a grant of $5,000 to put towards business costs, professional advice, and business development. Businesses in metropolitan Melbourne can receive $10,000. Businesses that received a grant under…