Job Maker Hiring Credit
If you have hired new staff members from 7 October 2020 onwards, you may be eligible for JobMaker Hiring Credit.
“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…
JobKeeper 2.0 & Updates to COVID-19 Stimulus Package and Economic Response at 21 July 2020
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…
QLD Small Business COVID-19 Adaption Grant Program Round 2
Round 2 applications open 1 July 2020 The Queensland Government is extending the Small Business COVID-19 Adaption Grant Program. Round 2 offers a grant amount between $2,000 and $10,000 per eligible small or micro business. Grant program objective To provide funding support for small businesses highly impacted by the COVID-19 shutdown restrictions so they may adapt and sustain their…