In good news for Queensland small businesses, changes to stamp duty laws enable mum and dad type businesses to restructure with a full or partial duty exemption when transferring assets.
Following the recent Budget announcements, personal income tax thresholds have changed. Additionally, steps must be taken to be eligible for JobKeeper 2.0.
The 2020-21 Federal Budget was deferred from May to 6 October 2020 due to the extraordinary circumstances brought about by the COVID-19 pandemic. The Budget announcements were wide-ranging and much of the detail has not yet been released. Announcements include: Small business tax concessions extended to medium sized businesses Outright capital assets deduction until 30…
JobKeeper 2.0 The ATO has released updated information regarding JobKeeper 2.0. Please click below to view/download JobKeeper 2.0 JobKeeper 2.0 COVID-19 Stimulus Package We have updated our Guide to all other COVID-19 Stimulus Package and Economic Response measures to date. Please click below to view the guide. COVID-19 Stimulus Package and Economic Response As always,…
JobKeeper 2.0 The ATO has released updated information regarding JobKeeper 2.0. Please click below to view/download JobKeeper 2.0 Extension of Fair Work Amendments If employers are currently using JobKeeper enabled stand-down directions, they will expire 28 September 2020. The Fair Work amendments have been extended to allow JobKeeper enabled stand-down directions to continue beyond 28…
On Friday 14 August 2020, the Treasurer released the updated JobKeeper Rules dealing with eligible employees which apply from 3 August 2020 onwards.
We explain JobKeeper 2.0 and provide updates for all other COVID-19 Stimulus Package measures to 21 July 2020. Please click below to view/download. JobKeeper 2.0 Updates to COVID-19 Stimulus Package and Economic Response (at 21 July 2020) As always, to ask any questions and discuss this matter further, please call us on (07) 3217 5700…
Coronavirus (COVID-19) Business Continuity Plan As a business owner, there’s one key thing you need to totally focus on now – keeping your business alive during these difficult times. It’s not all doom and gloom either – doing the right things now can lead to your business being in the right place to bounce back…
The ATO has announced a series of administrative measures to assist Australians experiencing financial difficulties as a result of the COVID-19 outbreak.
Changes to Fair Work rules, coming into effect this week, will impact most, if not all, employers. Fair Work’s annualised wages arrangements impose new record-keeping obligations on employers, including the requirement to keep a daily record of start times, breaks and finish times for all employees. All P+Y clients who employ staff are requested to review the new…