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…

Your 2020 Tax Planning Solution

The 2019/20 financial year is drawing to a close. Although business restrictions are beginning to ease, many of our clients continue to face difficult circumstances. Looking ahead, P+Y can support business recovery through tax planning, cash flow forecasting and business monitoring. Now is the time to consider the first step: tax planning. As you are…

JobKeeper and Updates to COVID-19 Stimulus Package and Economic Response at 14 April 2020

We have updated this document to incorporate the latest JobKeeper announcements and updates for all other COVID-19 Stimulus Package measures. Please click below to view/download. JobKeeper and Updates to COVID-19 Stimulus Package and Economic Response (at 14 April 2020) As always, to ask any questions and discuss this matter further, please call us on (07)…

Urgent Action for Employers: Annualised wages arrangements

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…

ATO natural disaster relief

The ATO offers a range of support for taxpayers affected by natural disasters. To find out more about relief for those affected by bushfires, including an automatic lodgement extension in identified impacted postcodes, please click here To find out more about relief for drought-stricken farmers, including instant asset write-off, immediate deductions for fodder storage assets…