coronavirus COVID-19 Archives - Page 8 of 9

COVID-19 Cash Flow Boost

April 21, 2020/in COVID-19 Resources /by Salisbury Accountants & Business Advisors

Boosting Cash Flow for Employers

Cash Flow Boost not to be offset against existing tax debt in some situations.

The Tax Office has announced that the cash flow boosts will be applied to reduce liabilities arising from the same activity statement but will not be offset against existing BAS debt but rather refunded to you.

[…]

COVID-19 work-from-home expense FAQs

April 21, 2020/in COVID-19 Resources /by Salisbury Accountants & Business Advisors

The ATO issues specific guidance addressing common questions

Many of our clients have questions about claiming expenses when forced to work from home over the COVID-19 period.

The accounting profession has also reported other clients coming to them with concerns about any consequent capital gains issues when later selling a property from which they had […]

Key COVID-19 measures by State and Territory

April 20, 2020/in COVID-19 Resources /by Salisbury Accountants & Business Advisors

Australian State and Territory economic relief and stimulus package summaries

In response to the coronavirus (COVID-19) pandemic currently impacting the economy and businesses generally, each Australian State and Territory Government has announced relief and other support packages as part of the broader economic stimulus measures.

To assist our clients, the NTAA has prepared the following […]

JobKeeper Enrolments start Monday 20 April

April 17, 2020/in COVID-19 Resources, Payroll /by Salisbury Accountants & Business Advisors

JobKeeper support services from Salisbury Accountants

There has been a lot of talk around the JobKeeper payment and at last we have a few more specific details.

Enrolments start on Monday and will be open for two weeks for the first payment period.

There is a step-by-step process to follow for this scheme which we […]

$10,000 NSW Small Business Grants now open

April 17, 2020/in COVID-19 Resources, Grants /by Salisbury Accountants & Business Advisors

The NSW Government is providing financial support to ease the pressures on small business as a result of COVID-19

The NSW Government is providing financial support of up to $10,000 to ease pressures on small businesses and non-profit organisations suffering as a result of COVID-19.

Applications of this grant are now open for eligible businesses.

[…]

Accessing Coronavirus supplement payment for sole traders and casuals

April 16, 2020/in Business Advice, COVID-19 Resources /by Salisbury Accountants & Business Advisors

The federal government has expanded eligibility access to social security payments in response to the economic fallout from COVID-19.

Any person, whether a sole trader, casual, full-time or contract worker will become immediately eligible for payments should that meet the relevant income tests.

This includes an additional $550 per fortnight Coronavirus supplement payment.

The Coronavirus […]

JobKeeper scheme legislation achieves royal assent

April 9, 2020/in COVID-19 Resources /by Salisbury Accountants & Business Advisors

JobKeeper scheme legislation achieves royal assent

Legislation to establish the JobKeeper scheme of wage subsidies in the form of payments made via employers has passed both houses of Parliament and has achieved royal assent.

The bills concerned (the Coronavirus Economic Response Package (Payments and Benefits) Bill […]

Practical Positivity

April 8, 2020/in Business Advice, COVID-19 Resources /by Salisbury Accountants & Business Advisors

Stay safe. Do what you can with what you have. Control what’s in your control.

A framework to help business owners to see their situation through a different lens and move upward.

Help as many people as you can through this period with any spare resources you have, whether that’s time, money or love.

This […]

Shortcut method for claiming home office running costs

April 7, 2020/in COVID-19 Resources /by Salisbury Accountants & Business Advisors

Shortcut method for claiming home office running costs

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 […]

10k grants provide NSW small business relief

April 3, 2020/in Business Advice, COVID-19 Resources /by Salisbury Accountants & Business Advisors

$10,000 grants to provide fast relief for NSW small businesses battling COVID-19

NSW small businesses struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced by Premier Gladys Berejiklian, Treasurer Dominic Perrottet and Minister for Finance and Small Business Damien Tudehope.

The NSW Government will […]

Posts

Cash Flow Boost not to be offset against existing tax debt in some situations.

Many of our clients have questions about claiming expenses when forced to work from home over the COVID-19 period.

In response to the coronavirus (COVID-19) pandemic currently impacting the economy and businesses generally, each Australian State and Territory Government has announced relief and other support packages as part of the broader economic stimulus measures.

There has been a lot of talk around the JobKeeper payment and at last we have a few more specific details.

Enrolments start on Monday and will be open for two weeks for the first payment period.

The NSW Government is providing financial support of up to $10,000 to ease pressures on small businesses and non-profit organisations suffering as a result of COVID-19.

Applications of this grant are now open for eligible businesses.

Any person, whether a sole trader, casual, full-time or contract worker will become immediately eligible for payments should that meet the relevant income tests.

Legislation to establish the JobKeeper scheme of wage subsidies in the form of payments made via employers has passed both houses of Parliament and has achieved royal assent.

A framework to help business owners to see their situation through a different lens and move upward.

ATO announces short cut method for claiming home office running costs

NSW small businesses struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced by Premier Gladys Berejiklian, Treasurer Dominic Perrottet and Minister for Finance and Small Business Damien Tudehope.