R&D Tax Incentives Program
Back to Blog Contents R&D Tax Incentives Program Important notes for those who have or are applying for the R&D Tax Offset claim OVERVIEW Be aware that AusIndustry and ATO are increasingly conducting reviews of the R&D offset claims. Ensure that you have claimed the right expenses. Ensure that you have kept proper records to […]
Superannuation Payments Reminder 2020/2021
Back to Blog Contents Superannuation Payments Reminder For employers – Due dates for the current financial year 2020/2021 Super is a compulsory employer contribution to eligible employees calculated from the day they start work. Currently, you are required to pay a minimum of 9.5% of your employees’ ordinary time earnings into super. You must make […]
WorkCover Key Dates Reminder 2020
Back to Blog Contents WorkCover Key Dates Reminder For those of you who have employees, here’s a friendly reminder of the key dates to submit your certified rateable remuneration to your WorkSafe agent. One primary determinant of your WorkCover premium is the size of your business. WorkSafe measures this using your rateable remuneration (e.g. gross […]
Federal Budget 2020-21 Summary
Back to Blog Contents Federal Budget 2020-21 Summary 5 minutes read on Australia’s Economic Recovery Plan (Click on the Infographic above to download the file) On 6 October the Treasurer delivered the Federal Budget, which will see big government spending on infrastructure, job creation, asset write-offs and personal tax cuts in the coming year as […]
Vic’s Outdoor Eating and Entertainment Grant & Licensed Hospitality Venue Fund
Back to Blog Contents Vic’s Outdoor Eating and Entertainment Grant & Licensed Hospitality Venue Fund Two new Government Grants now open Outdoor Eating and Entertainment Package Business Grants This $58 million program aims to support eligible businesses adapt to outdoor dining and entertainment with $5,000 grants that can be used to pay for practical things […]
Vic’s Sole Trader Support Fund
Back to Blog Contents Vic’s Sole Trader Support Fund $3K grants for non-employing sole traders now open Are you a non-employing Sole Trader who usually operate from a commercial premises or location? If you are, there’s good news ahead. This $100 million support fund aims to help sole traders who are impacted by the COVID […]
JobKeeper Extension 1 Commences Soon
Back to Blog Contents JobKeeper Extension 1 Commences Soon As the original JobKeeper comes to an end at the end of this week, we welcome JobKeeper Extension 1 on the 28 September, the first of two separate extension periods. This extension period will run from 28 September 2020 to 3 January 2021. Payment Rates As […]
Round 3 of Business Support Fund Grants
Back to Blog Contents Round 3 of Business Support Fund Grants Applications open today (Friday 18 September 2020) On Sunday 13 September, Victoria’s Premiere, Daniel Andrews announced additional business support with over $1.1 billion in cash grants for small and medium-sized businesses that are most affected by coronavirus restrictions including $822 million as part of […]
Jobkeeper New Eligibility
Back to Blog Contents Jobkeeper New Eligibility Do you have: any new employees that started between 1 March 2020 and 1 July 2020; OR any regular casual employees reaching 12 months up to 1 July 2020? For Jobkeeper, the new 1 July 2020 eligibility test is set to capture a number of new employees, including […]
How to get a bigger tax return in 2020
Back to Blog Contents Since COVID-19 began, it can be unanimously agreed that the way we work has been impacted one way or another. Working from home, receiving JobSeeker payments or implementing social-distancing and health measures at work are the few results of this pandemic, and it’s no surprise that this also affects how we […]