News

Prime Minister Scott Morrison and Treasurer Josh Frydenberg have announced that the current $1,500 per fortnight JobKeeper payment will be reduced to $1,200 per fortnight from 28 September, and $750 per fortnight for employees working less than 20 hours a week. From 4 January, the rate will again fall to $1,000 per fortnight, and $650...

Introduction If your small business or not-for-profit organisation has experienced a decline in turnover as a result of COVID-19, you may be eligible for a small business recovery grant of between $500 and $3000. This grant helps small businesses meet the costs of safely reopening or up-scaling operations.  These expenses include, but are not limited...

What does the future look like for investors as we ease out of covid-19 imposed isolation and the global ‘economic coma’, and enter the first stages of share market and economic recovery? Emmanuel Calligeris, Chief Investment Officer of GPS Wealth shares his views on what the future holds for the global economy and your investment...

Introduction If you are a commercial or residential landlord and have suffered a reduction in rental income from tenants due to COVID-19, you may be eligible for the NSW Government’s land tax relief. This measure was announced in early April and was the subject of one of our earlier newsletters. We can now advise the application process...

Following our earlier newsletter regarding the NSW State Government Small Business Covid-19 Support Grant we advise that the application process is now available on the Services NSW website. Click here to start the application process which requires you to login or create a My Services NSW account; As a reminder, this grant has been designed...

Our JobKeeper and CashFlow Bonus explainer videos provide an easy way for you to understand the benefits of these initiatives that maybe vital to yourself and your business. We can now advise that the Australian Taxation Office has released details of how to apply for the Jobkeeper wage subsidy. Please refer to the below link...

As many employees and businesses migrate to working from home in the interests of employee safety as a result of the enforced Government shutdown, the Australian Taxation Office (ATO) has announced special arrangements this financial year due to COVID-19 to make it easier for people to claim tax deductions for costs incurred in working from...

In the third and largest economic stimulus package the Government has announced a $130 billion JobKeeper wage subsidy to businesses that are significantly affected by COVID-19. Fortnightly payments of $1,500 (before tax) per eligible employee will be delivered by the ATO and paid to businesses including companies, partnerships, trusts and sole traders, not-for-profits and charities...

As business owners are facing difficult decisions to close down or radically downsize and reduce costs as a result of COVID-19 and Government closures, the first costs that business owners look to minimise are fixed costs such as rent and employee costs. While it’s difficult for many businesses to access legal advice now we have...