Applications are now open for the first NSW government grant. The COVID-19 business grant is in place to support businesses with expenses not covered by other government funding. The eligibility criteria is as follows: have an Australian Business Number (ABN) and were operating in New South Wales as at 1 June 2021; have total annual …

Continue reading “NSW COVID-19 Business Grant – Applications now open”

We hope you are keeping well following the annoucement of a further two week lockdown in Sydney. The NSW government has announced serveral grants to provide relief to businesses affected by the COVID-19 lockdowns. Full eligibility criteria and applications are still being developed by Services NSW and Services Australia. At this stage, businesses can register …

Continue reading “Government Grants – Register Your Interest Now”

We have made it to the end of March which represents another quarter down! Earlier this year, we sent an email regarding PAYG Instalments and so to jog your memory we are sending this again. You should expect to see a PAYG Instalment in every quarter end BAS returns, it means we are efficient provisioning …

Continue reading “PAYG Instalments and Fringe Benefits Tax”

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, …

Continue reading “Pay As You Go Instalments (PAYGI) – EXPLAINED!”

    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. …

Continue reading “What you need to know about JobKeeper, Rent Relief and NSW Govt Grants”

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 …

Continue reading “More Information on JobKeeper employee eligibility”