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The ATO have provided further guidance on their Covid-19 cash flow support for small to medium business and not-for-profit organisations that employ staff. Support will be provided through two sets of cash flow boosts with the initial boost being delivered from the 28 April 2020 (based on March 2020 BAS) to support employers to retain...
As we are progressively contacting our clients in relation to the economic fallout of the current Covid – 19 crisis, common questions RAISED have been, how does one access relief from home and business loans and how does one apply for the small business loan scheme. Across the board lenders are offering borrowers between three...
We appreciate many of you are facing uncertain futures, whether as business owners, employees or self-funded retirees. This is no doubt causing considerable stress and our aim is to be as helpful and available with our time and expertise, as is possible during this very busy time. While we will continue to meet requirements of...
Dear Clients We want to let you know that it’s business as usual at Quantum Partners & Quantum Wealth. Whilst we don’t want to be alarmist we are expecting the COVID-19 (Coronavirus) to cause enormous disruption to business and the economy in general in the short to medium term. The purpose of this newsletter is...
The Morrison Government has today announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the coronavirus. The targeted stimulus package is focused on keeping Australians in jobs and helping...
What it means for you The Federal Government’s 2019-20 Budget, was released by Treasurer Josh Frydenberg on Tuesday 2 April 2019 and we take this opportunity to provide our commentary to help you analyse some of the more relevant announcements that may impact you. This year’s Budget was particularly interesting in that it sets out...
If you held properties in NSW at 31 December 2018 other than your main residence, you may be required to register for land by 31 March 2019. If the value of the land attached to your NSW properties is valued above $692,000 at 31 December 2018, you will be required to pay Land Tax at...
The ATO has implemented Single Touch Payroll with the aim of streamlining payroll reporting for employers. Employers with a headcount of 20 or more as at 1 July 2018 were required to have started reporting to the ATO through Single Touch Payroll. For employers with a headcount of 19 or less, Single Touch Payroll Reporting...
The Treasury Laws Amendment Bill 2018 has now been passed through Parliament extending access to the small business instant asset write-off for assets purchased costing less than $20,000. The extension of the increased threshold is until 30 June 2019. From 1 July 2019, the instant asset write-off threshold will revert back to $1,000. For the...
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