JOBKEEPER 2.0 UPDATE
The Coronavirus Economic Response Package (JobKeeper Payments) Amendment Bill 2020 was recently passed by Parliament to facilitate the extension of the JobKeeper Scheme to 28 March 2021. The Treasurer has subsequently released amended Rules for the Scheme, which were registered on 15 September 2020.The below provides an overview of the changes. There are a number of issues still [...]
CLIENT ALERT – SEPTEMBER 2020
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important developments up to and including 21 August 2020: JobKeeper changes: turnover test and employment start date – Prime Minister Scott Morrison announced further changes to JobKeeper on 7 August 2020 regarding the turnover test and employment start date for [...]
SUPER GUARANTEE AMNESTY – TIME IS RUNNING OUT.
The Super Guarantee Amnesty is an opportunity to catch up on any unpaid super without the usual penalties applying. To be eligible for the Amnesty, an employer must make disclosure before 7 September 2020, be disclosing to the Commissioner for the first time, and use the approved form available from the ATO website here (refer section 'how to apply [...]
JOBKEEPER 1.0 UPDATE
Amendments to the JobKeeper 1.0 Rules were released on Friday 14th August. New rules allow businesses to claim the subsidy in respect of new employees who were on the books as at 1 July 2020. The changes apply to JobKeeper fortnights beginning on or after 3 August 2020. What has changed? JobKeeper fortnights commencing on or after 3 August [...]
CLIENT ALERT – AUGUST 2020
We are pleased to supply you with the latest edition of Client Alert, which contains information on a number of important developments up to and including 24 July 2020: Federal Government releases economic update – On 23 July 2020, Federal Treasurer Josh Frydenberg released the Economic and Fiscal Update July 2020. Instant asset write-off further extended – If you’ve purchased [...]
CLIENT ALERT – JULY 2020
The latest edition of our Monthly Client Alert, contains information on a number of important developments up to and including 22 June 2020: Land Tax Update – The deadline to register and complete your land holding declaration has been extended to 31 July 2020. Please call us to discuss a lodgement plan. Expanded instant asset write-off for businesses – If you’ve [...]
CLIENT UPDATE – JobKeeper Monthly Declaration Reminder & Instant Asset Write-off Extension
JOBKEEPER MONTHLY DECLARATION The next reporting deadline for JobKeeper is 14 June 2020. Each month you must complete a monthly business declaration to keep claiming JobKeeper payments. You must do this in the first 14 days after the month you are claiming for. You will need to re-confirm the business participant details and your eligible employees. You will [...]
CLIENT ALERT – JUNE 2020
The latest edition of our Monthly Client Alert, contains information on a number of important developments up to and including 22 May 2020: Treasury revises down estimated JobKeeper cost by $60 billion - The ATO and Treasury have released a joint statement advising that the previous estimate of the number of employers who would access the JobKeeper program was [...]
ALERT: LAND TAX CHANGES ARE COMING
Land owners will receive a questionnaire from Revenue SA that must be actioned! Changes to the Land Tax Act 1936 come into effect on 30 June 2020. Amendments to the Act are focused around changes to aggregation and additional tax on land held in trusts (click here to view). Importantly, the land tax exemption for the principal [...]
Client Update – $10K Emergency Cash Grant & JobKeeper
This update serves to inform and assist you in navigating this changing environment. In recent news: $10K Emergency Cash Grants Closes 1 June South Australian small businesses and not-for-profits affected by COVID-19 who have successfully applied for the $10,000 emergency cash grant (State Government’s $650 million Jobs Rescue Package) will have begun receiving their payments. For those [...]
CLIENT ALERT – MAY 2020
In the latest edition of the Monthly Client Alert, these new important developments up to and including 30 April 2020 are explained. The JobKeeper Payment scheme – The JobKeeper Payment scheme is now open to eligible employers, sole traders and other entities. This update includes further clarity with regard to eligibility, alternative tests , new enrolment and payment [...]
JobKeeper Update
We hope you are well and coping with these extraordinary times. With the JobKeeper legislation now passed through parliament and open for application from Monday, we wanted to provide you with an update regarding the eligibility for JobKeeper payments. The JobKeeper payment is open to eligible employers to enable them to pay their eligible employee’s salary or [...]