Your Post-COVID Business Repair Kit

Posted on 15 September 2020
Your Post-COVID Business Repair Kit
With June 30 behind us and the economy slowly re-opening, most business owners are thinking about the challenge of repairing and rebuilding their finances after the COVID-19 lockdown. Over the next few months, key tests will come with the withdrawal of government stimulus measures like JobKeeper and the return of your normal wages, rent and financing expenses. An end to landlord rent deferrals and business loan repayment holidays, for those who had them, will make cashflow and debtor ma...
Posted in: ATO JobKeeper Employment Debt JobSeeker Coronavirus COVID-19 CGT Rhodes Docherty Taxation  

Super changes add flexibility

Posted on 12 August 2020
Super changes add flexibility
Just when you thought you had a grip on the superannuation rules, they change again. This time though, the changes are mostly positive, especially for older super members keen to top up their savings. From 1 July 2020, changes came into effect with the potential to help retirees as well as members suffering financial hardship due to the economic impacts of COVID-19. If you are not working you may be able to contribute to super for longer, while couples can take advantage of spouse contr...
Posted in: investments ATO Superannuation Pension SMSF Coronavirus COVID-19 Rhodes Docherty Taxation  

JobKeeper and JobSeeker extended in COVID lifeline

Posted on 29 July 2020
JobKeeper and JobSeeker extended in COVID lifeline
The JobKeeper Payment has been extended by a further six months to March 2021, targeting support to those organisations which continue to be significantly impacted by COVID-19. From 28 September 2020, eligibility for the JobKeeper Payment will be based on actual turnover in the relevant periods. The payment rate will be reduced and a lower payment rate will be introduced for those who work fewer hours. Other eligibility rules remain unchanged. Business eligibility Organisations seekin...
Posted in: JobKeeper Employment JobSeeker Coronavirus COVID-19 Rhodes Docherty  

Have casual workers been granted annual leave?

Posted on 24 June 2020
Have casual workers been granted annual leave?
Have casual workers been granted annual leave? News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail. At present, there is no global change granting Australian casual workers paid leave. The case however, highlights the long running problem of determining over time, who is a permanent staff member and entitled to paid leave and other benefits, and who is a casual worker entitled...
Posted in: Employment Entitlements Fair Work Ombudsman Rhodes Docherty  

The ATO's JobKeeper Audit targets

Posted on 9 June 2020
The ATO's JobKeeper Audit targets
The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources. The JobKeeper estimates error Hindsight is a dangerous lens as Treasury discovered last month announcing that the number of employees expected to be covered by the JobKeeper scheme was overstated in the original announcement by approximat...
Posted in: Audit ATO JobKeeper Coronavirus COVID-19 Retail Rhodes Docherty Taxation  
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Your Post-COVID Business Repair Kit

Sep 15 2020
With June 30 behind us and the economy slowly re-opening, most business owners are th...

Super changes add flexibility

Aug 12 2020
Just when you thought you had a grip on the superannuation rules, they change again. ...

JobKeeper and JobSeeker extended in COVID lifeline

Jul 29 2020
The JobKeeper Payment has been extended by a further six months to March 2021, target...
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