JobKeeper 2.0 Updated

From 28 September 2020, the eligibility tests to access JobKeeper for employers changed, along with the amount of the JobKeeper payment for employees and business participants. To receive JobKeeper from 4 January 2021, employers will need to assess their eligibility again. Eligibility for one JobKeeper period does not entitle you to, or exclude you from,…

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Mandatory Code of Conduct for Tenants & Landlords during COVID-19

The National Cabinet (comprising Federal Government & State Governments leaders) have introduced a Mandatory National Code of Conduct for Tenants and Landlords that mandates Landlords to grant small and medium business enterprises rental waivers and rental deferrals effective from the 3 April 2020 where they are suffering Financial Distress and Hardship as a direct result…

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JobKeeper Final Legislation

The Federal Government’s “JobKeeper” package was introduced to parliament and the legislation was passed on the 8 April 2020.  Under the JobKeeper payment package, eligible employers will receive a subsidy of $1,500 for each eligible employee for up to six months. The “Coronavirus Economic Response Package (Payments & Benefits) Bill 2020” provides for the making…

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JobKeeper Support Package Q&A (subject to legislation being finalised)

JobKeeper Support Package Q&A The economic impact of the pandemic has been felt widely across Australia with hundreds of thousands of individuals being made redundant, stood down or experiencing reduced work.  To support affected businesses and their employees through the COVID-19 pandemic the Government recently announced the  “JobKeeper” payment package to help support businesses .…

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Federal Government – COVID-19 JobKeeper Business Stimulus Package – Part 3 – $130B Package

On the 30th March the Federal Government announced a further stimulus package with the release of the “JobKeeper” payment initiative ($17.6B) aimed at supporting employers to retain their workforce while managing through the commercial disruption of COVID-19. For businesses that have or are facing standing down of employees, the program provides a mechanism to retain…

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Covid-19 Business & Personal Checklists

Mitchell Partners are aiming to do everything we can to provide you with all the resources, tools and support you need to navigate the Covid-19 Health Crisis as business owners and as individuals. With this in mind, we have prepared two COVID-19 Checklists (Business and Personal) which outline various actions you can take to ensure you and your business…

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time to upgrade your equipment

Federal Government – COVID-19 Business Stimulus Package – Part 2 – $66B Package

Further to the Federal Government’s Part 1 Business Stimulus Package ($17.6B) the Government yesterday announced a further stimulus package referred to here as Business Stimulus Package Part 2 ($66B). These business measures announced yesterday by the Government have been provided to support Australian businesses to manage the cash flow challenges and retain employees as result…

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ATO announces short cut method for claiming home office running costs

The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g., additional heating, cooling and lighting costs), as a result of working from home due to the Coronavirus pandemic. Refer to the ATO’s Media Release of 7…

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Federal Government – Part 1 – Business Stimulus Package $17B

The Federal Government will today announce an economic stimulus package in response to the coronavirus outbreak to hopefully help stimulate the economy. The measures will include incentives to fast track investment, apprentice wage subsidies and cash payments of up to $25,000 for small and medium businesses to save jobs and help businesses battle supply disruptions.…

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