Job Maker Hiring Credit
If you have hired new staff members from 7 October 2020 onwards, you may be eligible for JobMaker Hiring Credit.
Changes to Foreign Investment
From January 1, 2021 major reforms to Australia’s foreign investment framework take effect, with new requirements for foreign investors.
“Your Super Your Choice”
From 1 January, 2021 changes came into effect that extend Super Choice to allow employees covered by a current enterprise bargaining agreement to choose their own super fund.
Changes to Insolvency Laws
Changes to insolvency laws from January 2021 include reforms that introduce a new, simplified debt restructuring process. These measures apply to incorporated businesses with liabilities of less than $1 million – full details in this Treasury factsheet, please click to learn more. To ask any questions and discuss this matter further, please call us on…
QLD Stamp duty exemption creates BIG benefits for small businesses
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.
Tax Table Update and JobKeeper 2.0 Eligibility Steps
Following the recent Budget announcements, personal income tax thresholds have changed. Additionally, steps must be taken to be eligible for JobKeeper 2.0.
Federal Budget 2020/21
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 Updates to September 28th 2020
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,…
Update to JobKeeper 2.0 and Extension of Fair Work Amendments
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…
Update to existing JobKeeper
On Friday 14 August 2020, the Treasurer released the updated JobKeeper Rules dealing with eligible employees which apply from 3 August 2020 onwards.