COVID-19 Business and Individual Resources Australia

VIC Business Support Fund Expansion

$5,000 grants to support VIC businesses through renewed COVID-19 restrictions

Applications for the program close 19 August 2020.

The Victorian Government has announced that Stage 3 ‘Stay at Home’ will be in reinstated across metropolitan Melbourne and Mitchell Shire from 11:59 on 8 July 2020 to help slow the spread of coronavirus (COVID-19) in Victoria. […]

2021 Business Planning

Business planning for 2021

By Ben Gay, Salisburys Director

We hope you’re managing and working your way through what has been one of the most challenging times from an economic and also from a social point of view certainly in our lifetime.

As we consider this new financial year despite the challenges we have been […]

Apply for COVID-19 Land Tax relief

NSW Government Land Tax support

If you’re a commercial or residential landlord who has reduced your tenants’ rent due to COVID-19, you may be eligible for land tax relief

Up to 25% of your 2020 land tax liability and a 3-month deferment on paying your land tax.

This relief applies to landlords who agreed to […]

NSW Small Business Recovery Grant now open for applications

Apply now for the $3000 Small Business Recovery Grant

Applications close 16 August 2020

The new Small Business Recovery Grant for up to $3,000 is now open for applications to help you rebuild your business.

You can use it to cover:

marketing and advertising expenses fit-out changes staff training expenses to work in a COVID […]

Is Your Business Model Standing the Test of COVID-19?

Staying Current in Changing Times

In very simple terms, a business model refers to “the way a business makes money”.

Take a retailer, for example, who buys and displays products of interest to customers. By attracting people into their store, they sell those products and make a profit, provided the sales price exceeds the costs […]

ATO allowances on late lodgement and penalties

Lodgement due date for all tax returns denied

An extension was requested in light of the extra COVID-19-related issues many business owners have worked through, including setting up employees for JobKeeper and accessing the government’s stimulus package.

However the ATO Deputy Commissioner replied: “We recognise and appreciate your efforts to help your clients meet their […]

Under COVID-19 providing certain benefits deemed not taxable

COVID-19 employment benefits

The ATO has been asked pertinent questions from taxpayers about some salient queries that have arisen due to the current COVID-19 employment environment. These may apply to a wide sample of taxpayers.

Some queries have related to fringe benefits tax (FBT) and the supply of items from an employer to staff to […]

NSW small business COVID-19 support grant

NSW Government has introduced a COVID-19 support grant, worth up to $10,000, for eligible NSW small business owners

The application for the grant is currently open, and eligible businesses can possibly receive funding within five days of application.

This grant supports the operation of businesses highly impacted by the COVID-19 pandemic following the NSW Public […]

Managing (and Getting Help) Through a Business Crisis

Recent global events have tested the mettle of management and boards everywhere

Some businesses will emerge stronger and, sadly, some will cease to exist in their current form.

Skilled leaders have a better chance of navigating adverse conditions so let’s look closely at some of those skills.

Getting a Quick Understanding of the Problem

Usually, […]

Accelerated depreciation Stimulus package

The government has announced that business with less than $500m in turnover will receive accelerated depreciation deductions for new assets up to 30 June 2021.

This accelerated depreciation is available for assets in the first year of deductions for the asset, and will be 50% of the installed cost of the asset, with the remainder […]