$10,000 grants for eligible small and medium businesses that have experienced a reduction in turnover of at least 70%. Eligibility Criteria To be eligible, businesses must: be located within Victoria as a direct consequence of COVID-19 restrictions since 27 May 2021 have experienced a reduction in turnover of at least 70% for a minimum consecutive…
Welcome to our August 2021 Bulletin Contents Lockdown support: Update Are COVID-19 grants and funding tax free? Growing your business value Lockdown support: Update The support available to individuals and business has been constantly evolving and changing. Here’s a summary of where support stands around the country. For individuals From 2 August 2021, the COVID-19…
Welcome to our August 2021 Client information Bulletin Contents 6 Member SMSFs – the issues and opportunities Business in a post pandemic environment The National Plan’s impact on business New laws target sharing economy platforms 6 Member SMSFs – the issues and opportunities From 1 July 2021, the maximum number of members a Self Managed…
If your business has been adversely impacted by the recent lockdown in NSW, support is available. The NSW and Federal Governments have announced a series of new measures to support business during extended lockdowns of four weeks or more. Up to $15,000 through the expanded NSW 2021 COVID-19 business grants program Up to $10,000 cashflow…
Support is available if you are impacted by the Victorian lockdowns. Support for Business Top-up support The Victorian Government has announced new cash grants for businesses impacted by the lockdown declared on 15 July 2021. The cash grants will be paid automatically to businesses that successfully received a grant from the Business Costs Assistance Program…
Prior to year-end it is worthwhile reviewing superannuation contribution as to the types of contributions that can be made and the amounts that can be paid to ensure contributions have been optimised for 2020-2021 year and also that they are within what is allowable. For information purposes we have provided details below on the Superannuation…
The Victorian Treasurer, Tim Pallas, handed down the State budget on 20 May 2021 that included changes to Payroll Tax, Land Tax and Stamp Duty that will affect a range of Victorian business and investors. The key changes are summarised below. Payroll Tax The key changes for Victorian Payroll Tax; The Tax-free threshold will increase…
There are a few changes and developments coming to Superannuation Guarantee which all employers and employees need to be aware of. Rate of Superannuation Guarantee increases to 10% Effective from 1 July 2021, the minimum rate of Superannuation Guarantee will increase from 9.5% to 10% of an employee’s ordinary time earnings. Superannuation Guarantee does not…
The Victorian Government announced on 27 May 2021 the “Circuit Breaker Business Support Package” to assist small to medium business, including sole traders, who were unable to operate due to the Circuit Breaker lockdown. This package was further extended on 2 June 2021 following the week extension of the Circuit Breaker lockdown. Eligible businesses will…
Contents For You & Your Family Your Superannuation Business & Employers Education, skills & training Government & regulators Other The economy Budget 2021-22: The Balancing Act Budget The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term.…