You will have read about potential changes to the JobKeeper scheme which ends in its current form in September 2020. However, the reason I have not written about it yet is that nothing can be legislated until parliament sits on the 24th August. Additionally, in its current proposed form it doesn’t help the Victorians as… Read More JobKeeper Update
As we roll into June, don’t forget that if you want to receive the JobKeeper payments for May there are two things you need to do now Make sure you have paid employees at least $1,500 pfn during May, run the payroll and submitted the single touch payroll report. Note this does not apply to… Read More JobKeeper Action Required
A few more details have been issued by the ATO in relation to the mechanics of the JobKeeper allowance. Sole traders and those running their business through trusts can also apply for one person. In the meantime this is a quick wrap up of what all businesses (including sole traders and trusts) need to do.… Read More JobKeeper How To ….
Another day, another support package. This time the JobKeeper Payment. Not yet legislated but soon will be, this is a great boost for casual workers & the self employed who may now be eligible for some $ – in some lucky cases more than they originally earned. However, this will increase administration for companies who… Read More JobKeeper Payment
If you are in the unfortunate position of needing to stand down employees due to Covid-19 make sure you comply with Australian work place laws. Workplace Australia have a useful page detailing what employers can and can’t do in these difficult times. Click the link for further details. https://coronavirus.fairwork.gov.au/#stand-down Lindsay 0413 952180
The March 2020 BAS statements are starting to arrive, along with a deluge of client queries as to how to complete them in order to receive the government assistance. So here we go …… Complete the BAS exactly the same as normal The ATO credit will happen automatically If you have paid employees in the… Read More Completing the March 2020 BAS for Covid Refunds
Another tranche of assistance packages was announced last night, the main points are summarised below For employers The BAS credits have been doubled re PAYG salary tax – I have updated the prior post to reflect the new percentages Small and medium business THAT EMPLOY SOMEONE will receive between $20k and $100k in additional cash… Read More Further Covid assistance
Announced today, but yet to be passed, are the following proposals ……. Provide a one-off tax free $750 cash payment to income support recipients, such as age pensioners or Department of Veterans’ Affairs (DVA) income recipients, or holders of eligible concession cards. To be eligible, the person must reside in Australia and be receiving a… Read More Stimulus Package
The current market corrections are an excellent example of non-disciplined investors perhaps panicking in a falling market leading to selling low and, presumably at a later date, buying high. This is the absolute opposite of what you are supposed to do in order to make money, i.e. buy low, sell high. In fact what would… Read More CoronaVirus
Due to popular demand, the following is a step by step list of how to perform single touch payroll. You may notice the name “thousand touch payroll” might be more apt!… Read More Single Touch Payroll Guide
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