The Victorian Government’s Sole Trader Support Fund helps eligible non-employing businesses in sectors that continue to be affected by coronavirus (COVID-19) restrictions. The roadmaps show that many sectors will remain closed, restricted or heavily restricted as metropolitan Melbourne and regional Victoria move towards reopening. Grants from this...
On September 13 the Victorian Government announced the Business Resilience Package - $3billion in cash grants, tax relief and cash flow support that will be delivered to Victorian Businesses most affected by the COVID-19 restrictions. The package is aimed at helping businesses survive and prepare for...
With the JobKeeper Payment legislation being passed through Parliament last Thursday the ATO has now provided more details on how the process will work. For background information on the JobKeeper Payment please see the Treasury JobKeeper Payment summary The JobKeeper Payment scheme is effective from 30 March...
With the JobKeeper Payment being approved by Parliament last Thursday and the first fortnightly pay period already finished as of the 12 April, if you are an employer you do need to be getting organised. Please see our recent communication regarding how to register for the...
The “Backing business investment” initiative From 12 March 2020, businesses purchasing assets costing more than $150,000 before 30 June 2021 will be able to write off 50% in the year of purchase with the balance subject to normal rules. Those businesses using the ‘small business pool’...
Provides up to $100,000 back to small and medium-sized businesses, with a minimum payment of $20,000 for eligible businesses. The payments will provide cash flow support to businesses with a turnover of less than $50 million and not-for-profit entities that employ staff. The payment will...
We have been receiving a lot of enquiries from clients about the Government assistance being offered to small business and how these can be accessed. While the details will be finalised by Parliament in the coming week we have included below a summary of those...
If you own a business, then it should be a primary focus of your financial profile and wealth creation strategy. Good business advice is probably the most important advice of all and can have significant impact on your personal tax planning and investment strategies....