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The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”.
The government has made changes to our Insolvency Framework to help more small businesses restructure and survive the economic impact of COVID-19.
Here is a summary of the key takeaways from a tax perspective of the 2020 Federal Budget announcement and what this means for businesses.
Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent.
From 28 September 2020, the second tranche of the JobKeeper scheme changes the eligibility tests for employers and employees, and the method and amount paid to eligible employees.
Following on from our JobKeeper 2.0 blog on 30 July 2020, on 7 August 2020, the Treasurer announced further changes to increase access to the scheme during the proposed extension period (i.e. 28 September 2020 to 28 March 2021), driven by the recent..
The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees.
The end of the financial year is fast approaching. Now is a great time to prepare and seek additional advice on the management of your superannuation and tax.
Most business owners would be excused for feeling like they’re in a time warp this year. Just as the year began, along came COVID-19 that’s made it feel fast and slow all at the same time.
The JobKeeper payment is a $130 billion scheme to support businesses that are significantly affected by the Coronavirus crisis.
