Sky Update – June 2020

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. Fair Work Commission Annual Wage Review 2019-20 In its Annual Wage Review 2019-20 decision, the Fair Work Commission has awarded an increase of 1.75% to the National Minimum Wage bringing it to $753.80 …

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Sky Update – May 2020

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. Important Federal Court decision on casual employment On the 20th of May, the Federal Court handed down its judgement in the WorkPac Pty Ltd v Rossato case. This decision deals with when a …

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Sky Update – April 2020

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. JobKeeper update Under the JobKeeper scheme, qualifying businesses will receive a wage subsidy of $1,500 per eligible employee per fortnight conditional on guaranteeing fortnightly payments to employees of at least that amount. The …

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Sky Accountants welcomes new Senior Mortgage Broker, Kevin Mortimer

Sky Accountants are working hard to make things easier for our clients. We are pleased to announce the launch of our new finance department, Sky Mortgage Services. Every client has their own different requirements and we strive to be proactive when dealing with them. Our goal is to offer a wide range of services that …

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“JobKeeper Payment” Wage Subsidy Announced

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

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

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

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

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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