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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...
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 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...
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...
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