JobKeeper fortnight Payment rate130 March 2020 – 12 April 2020JobKeeper 1.0Eligibility period 1$1,500 per fortnight213 April 2020 – 26 April 2020327 April 2020 – 10 May 2020411 May 2020 – 24…
From 3 August 2020, the eligibility tests for employees were changed to enable a greater number of employees to access JobKeeper. Previously, an employee had to be employed by the…
Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your…
In addition to general waivers, reductions or rebates on some Government licensing and fees, each State and Territory has some form of support accessible to certain businesses impacted by COVID-19.…
COVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000…
Figures from the Australian Prudential Regulation Authority show that over $30 billion has been taken from superannuation to date under hardship provisions. If you are an Australian citizen or permanent…
In a massive data matching program, the ATO and Services Australia will share the records of approximately 3 million individuals to ensure that those accessing benefits are eligible to receive…
From 1 July 2020, parents accessing the Government’s parental leave pay (PPL) scheme will have greater flexibility and options. Targeting the self-employed and small business owners, the changes introduce a…
An increase to the minimum wage of 1.75% will start rolling out for the first full pay period from 1 July 2020. The increase applies to minimum rates in awards…
Tax Planning Guide The tax rates for the 2019/2020 Income Year are as follows: Resident Individuals Income threshold Tax Rates $0 – $18,200 Nil $18,201 – $37,000 19% $37,001 –…