“JobKeeper Payment” Wage Subsidy Announced

By Sky Accountants

The Prime Minister held a press conference yesterday (30 March) to announce the $130b “JobKeeper Payment” package. Under the JobKeeper Payment, businesses affected by the Coronavirus pandemic will be able to access a wage subsidy of $1,500 per fortnight per eligible employee. Please refer to the Federal Treasury website for some general background information. We …

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Sky Update – March 2020

By Sky Accountants

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. Coronavirus Pandemic The Coronavirus (COVID-19) pandemic has escalated rapidly during March and has far reaching impacts on businesses and households domestically and abroad. We are currently working very hard to talk to our …

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Boosting Cashflow for Employers

By Sky Accountants

On the 12th of March, the Federal Government announced their first economic response to the Coronavirus consisting of $17.6b of measures. It quickly became obvious that those measures would be insufficient to address the economic fall-out of Coronavirus pandemic, with a further announcement made on the 22nd of March.  This second announcement included adjustments that …

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Coronavirus Update – Business as Usual

By Sky Accountants

The Coronavirus (COVID-19) is causing significant disruptions to businesses and households throughout Australia and the world. Sky Accountants are maintaining a close watch on developments and is currently taking a “business as usual” approach with our offices remaining open. We have activated our contingency planning that would allow us to continue our service delivery with …

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Government Announces Coronavirus Economic Response Package

By Sky Accountants

The Federal Government has yesterday (12 March 2020) announced an economic response to the Coronavirus targeting four key areas, being: 1. Support for business investment Currently businesses with annual turnover of up to $50m can claim a deduction for the immediate write-off of assets purchased with a cost of less than $30,000. Until June 2020, …

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Sky Update – February 2020

By Sky Accountants

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. Changes to Modern Awards in 2020 The Fair Work Commission has been completing their 4 yearly review of Modern Awards. As part of that review, a number of Modern Awards will be changing …

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Sky Update – January 2020

By Sky Accountants

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. Bushfire Tax Relief The ATO has a announced a package of tax relief and assistance for those affected by the recent bushfires in New South Wales, Victoria, Queensland, South Australia & Tasmania. The …

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Agricultural, Agribusiness & Farm Accounting | Small Business Guide | Sky Accountants Ballarat

About 52% of land mass in Australia is dedicated to agriculture and its production had a gross value of $48 billion in 2013. Victoria is the second smallest state in Australia with less land for farming than most Australian states but it is the biggest contributor to the country’s agribusiness economy. At Sky Accountants – …

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Accountants Melbourne

Comprehensive Services for your business from complex tax and management matters to daily advisory. Achieve excellent results in your business Focus on solutions and business development Foster a beneficial working relationship with an experienced business advisor Professional Tax & Accounting Services delivered by an experienced chartered accountant The Australian Tax Office has advanced data matching …

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Sky Update – December 2019

By Sky Accountants

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. Gaming Machine Entitlements Not Tax Deductible The High Court has handed down its decision in the Sharpcan Case as to whether payments to the Victorian Government to acquire Gaming Machine Entitlements were tax …

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