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The impact of COVID-19 on investment markets

While the uncertainty surrounding the spread of the coronavirus is very unsettling on a human level, as fears heighten that the spread of the virus will worsen, the impact on both global and domestic financial markets is also becoming increasingly unsettling. After an extended period of above-average returns, 2020 has been much more difficult due [...]

JobKeeper update 7 August 2020

Treasurer, Josh Frydenberg, has today announced an easing of eligibility for JobKeeper from the end of September. Tougher eligibility rules announced less than three weeks ago will be reversed to ensure more companies can qualify for the payment, which drops to $1200 a fortnight from September. More info on links below:   Sydney Morning Herald [...]

JobKeeper extended to March 2021

21 July 2020 The Federal government has announced an extension of the JobKeeper Payment, with additional turnover qualifications. The JobKeeper Payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021. The payment rate of $1,500 per [...]

$500 Small Business ‘Safe Workplace’ Rebate

The NSW Safe Work Small Business Rebate provides up to $500 to small business owners and sole traders in NSW who buy and install equipment to make their workplace safer. Changes have recently been made to support small business and sole traders in NSW that have been impacted by a natural disaster, state of emergency [...]

June 30 Tax Tips 2020

BUSINESS TIPS. Business Income and Expenses. Consider strategies to defer income until after 30 June, or bring expenses forward into June, especially if you expect lower income for next year. Ensure that your tax deductions are allowable Bad debts must be written off before 30 June Super contributions must be paid before 30 June and [...]