Posts

Small business employers of apprentices to get stimulus package

Small businesses who employ less than 20 people will receive up to $7,000 per quarter for three quarters to keep their apprentices

This payment is a stimulus payment as a result of an expected national economic downturn in the first half of 2020.

It is expected that these payments will be received via the Australian […]

Temporary visa holders: Changed conditions for COVID-19

Changes to temporary visa holder arrangements during COVID-19 crisis

The Department of Home Affairs says measures have been made to protect health and livelihoods of Australians, to support critical industries and boost recovery.

Home Affairs records show that there are 2.17 million temporary visa holders in Australia at present. This includes about 8,000 medical professionals, […]

Extension of time to enrol for the JobKeeper scheme

JobKeeper Payment

The Tax Commissioner has extended the time to enrol for the initial JobKeeper periods, from 30 April 2020 until 31 May 2020.

If you enrol by 31 May you will still be able to claim for the fortnights in April and May, provided you meet all the eligibility requirements for each of those fortnights. This includes having […]

JobKeeper payments update

Salisbury Accountants JobKeeper support

JobKeeper enrolments started last Monday 20 April with the registration deadline extended to 31 May 2020.

There has been a hive of activity around the JobKeeper payment and, with a week under our belts, we are able to debunk the myths and misconceptions of how the scheme works.

The subsidy will be […]

Lifecycle of a business from start-up to sale

Speech Pathologist Karla Morison was new to business ownership

After having her third child, Karla Morison felt it was time to resume her career with the idea of starting her own speech pathology clinic in 2013.

Matt Salisbury was Karla’s accountant since 2004.  Having never managed a business before, Matt was a natural choice for […]

COVID-19 work-from-home expense FAQs

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 […]

JobKeeper scheme legislation achieves royal assent

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 […]

Fringe Benefits Tax 2020

What every employer needs to know about fringe benefits

On 31 March 2020, the Fringe Benefits Tax (FBT) year ends. With the ever-increasing budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount.

To help you meet your fringe benefits obligations, […]

10k grants provide NSW small business relief

$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 […]

Coronavirus Jobkeeper Payment

Federal Government offers $130b in coronavirus wage subsidies for businesses to pay workers

The Government has announced a $130 billion JobKeeper payment to help keep more Australians in jobs and support businesses affected by the significant economic impact caused by the Coronavirus.

Around 6 million workers will receive a fortnightly payment of $1,500 (before tax) […]