On the 7th of August 2020, the Government announced adjustments to JobKeeper extension tests for both business and employee eligibility – now referred to as JobKeeper 3.0. Both of these eligibility requirements are being relaxed to help increase the amount of...
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Government Announces Further Changes to JobKeeper Payment Eligibility Tests
The Future of JobKeeper
On 21 July 2020, the Government announced an extension of the JobKeeper program to 28 March 2021 but with tighter access and reduced rates. From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility and prove an...
Payment Summaries and STP
The introduction of Single Touch Payroll (STP) has changed the year end processes for both employers and employees. Payment Summaries (or Group Certificates) are now a thing of the past, with income statements replacing these. Here’s what it means for both employers...
$1,500 JobKeeper subsidy to keep staff employed
A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn). To be a part of the subsidy, employers will need to ensure that their employees...
The Second $66.1 bn Stimulus Package: What You Need To Know
The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes...
Clarifying Car Expense Claims
CLARIFYING CAR EXPENSE CLAIMS If you are claiming a deduction for using your own car (including a car you lease or hire), it is treated as a car expense. If you use someone else's car for work purposes, you may be able to claim the direct costs (such as fuel) as a...
Disaster proof your finances.
Disaster proof your finances.You've carefully filed all your important documents - but how can you protect them from being destroyed if the worst happens to your home or business? Consider placing originals of important documents and critical records in a fire...
5 ways to get cashflow – FAST!
Sometimes you need to get some cash in the door quickly, and to do that you have to make sales happen fast. Here are some proven ways you can get the ball rolling quickly and crank up your sales. 1. Make an enticing offer to your existing clients or customers, with...
Keep your customers satisfied
Have you noticed that customer service is losing its way in business these days? Customer service should be at the top of the list of priorities for every business. Unfortunately, it is often neglected. Once you realise how customer satisfaction affects your...
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