JobKeeper - Easing Eligibility

Posted on 8 October 2020
JobKeeper - Easing Eligibility
JobKeeper - Easing Eligibility  More businesses and not-for-profits will be eligible for JobKeeper payment extension under a $15.6 billion change to the scheme announced on August 7. The Government initially outlined the JobKeeper extension guidelines on July 21, but says it needs to extend its criteria after the Victoria Government implemented stricter lockdowns across the state this week. Changes from 28 September The new rules mean that from 28 September, businesses need to ...
Posted in:JobKeepercash flowCoronavirusCOVID-19Rhodes DochertyTaxation  

2020 Federal Budget - Building a Bridge to Recovery

Posted on 7 October 2020
2020 Federal Budget - Building a Bridge to Recovery
Building a bridge to recovery In what has been billed as one of the most important budgets since the Great Depression, and the first since the onset of the COVID-19 pandemic dragged Australia into its first recession in almost 30 years, Treasurer Josh Frydenberg said the next phase of the journey is to secure Australia's future. As expected, the focus is on job creation, tax cuts and targeted spending to get the economy over the COVID-19 hump. The Treasurer said this Budget, which...
Posted in:interest ratesATOJobKeeperSuperannuationEmploymentDebtJobMakerJobSeekerTax deductionPensionCoronavirusCOVID-19RetailPropertyShare marketsGlobal outlookRhodes DochertyTaxation  

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:ATOJobKeeperEmploymentDebtJobSeekerCoronavirusCOVID-19CGTRhodes DochertyTaxation  

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:investmentsATOSuperannuationPensionSMSFCoronavirusCOVID-19Rhodes DochertyTaxation  

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:JobKeeperEmploymentJobSeekerCoronavirusCOVID-19Rhodes Docherty  

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