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Each quarter, we receive lots of questions regarding PAYG Instalments… what are they and how are they calculated? Pay As You Go Instalments are used to “prepay” future income tax liabilities. The ATO issues PAYG Instalments for companies and individuals that had a tax liability in the previous financial year. For both companies and individuals, …READ MORE
Dear Friend We hope you are staying safe and well. There have been several developments in the past week with further government support for small and medium businesses. The three major releases are the legislation of JobKeeper payments, rent relief for small and medium enterprises and NSW government grants of up to $10k. …READ MORE
Further to our email communication this morning, the government have released further treasury notes which includes the following clarifications. Eligibility is as follows: An employee that was on the books on 1 March 2020 and continues to be engaged by that employer – including full-time, part-time, long-term casuals and stood down employees Casual employees that have …READ MORE
Well, this past week has been one of the busiest and difficult weeks I have ever experienced in my career. I’ve experienced many economic events, from the 87-stock market crash, 1992-93 recession, Asian financial crisis, the Russian bond crisis, Y2K. Tech Wreck, Sep 11, and the GFC, however, I’ve never seen widespread, indiscriminate closure of …READ MORE
We hope you are keeping well. As mentioned last week, I am going to keep our correspondence with you as consistent and frequent as possible during the coronavirus pandemic. The following is a broad summary of the Federal Government’s stimulus package announcements and support available to small businesses during these uncertain times. We remain extremely …READ MORE
I am going to try and keep our communication with you as consistent and frequent as possible, I am fielding many calls and emails from you on what this means for your business and how to best manage staff with during the coronavirus pandemic. There is a lot of information on offer and I’ve …READ MORE