The Victorian government has responded to the COVID-19 pandemic with a raft of grants and support packages and navigating these has become increasingly confusing. As it stands businesses may be eligible for one or more of the following; – Business Support Fund – Licensed Hospitality Venue Fund – Sole Trader Support Fund – Outdoor Eating…
Category: Tax
2020 Income Tax Return Checklists
Please find our 2020 Checklists for your Income Tax Return using the links below. ID 2020 Individual Checklist ID 2020 Business Checklist
$10,000 GOVERNMENT GRANT PROGRAM WIDENED
The Victorian government has expanded the eligibility of it’s Business Support Fund grants. Whereas previously businesses had to have been subject to closure or highly impacted by Restricted Activity Directions issued by the Deputy Chief Health Officer to receive the grant, applications will soon be open to businesses in any industry provided they meet the…
ATO extends initial JobKeeper payment deadline
Employers looking to enrol for the first two JobKeeper fortnights have now been granted a further extension of time to enrol and pay employees. The ATO has now announced an extension of time for employers who wish to enrol for the first two JobKeeper fortnights to 31 May, an extension from 30 April. Crucially, for…
Applications for the JobKeeper scheme are now open for employers and sole traders.
Applications for the JobKeeper scheme are now open for employers and sole traders. Applications for eligible non-employee business participants in companies and trusts are expected to be available soon. We have fielded countless questions about JobKeeper over the past few weeks and expect to field many more this week. We also expect to be kept…
JOBKEEPER UPDATE – PAY YOUR EMPLOYEES IN ADVANCE OR MISS OUT!
The bill supporting the JobKeeper scheme was passed in parliament on April 8 (and 9!), and the ATO has formulated the specific requirements for administering the scheme, so we now know a lot more than we did when JobKeeper was first announced at the end of March. JobKeeper will provide $1,500 per fortnight, per eligible…
The Victorian Government's Business Support Fund
The Victorian Government has announced a support package aimed at small businesses around the state that employ staff and are subject to closure or have been highly impacted by shutdown restrictions due to COVID-19. The $500 million package is targeted at business with a turnover of more than $75,000.00 that have a payroll of less…