JobKeeper Payment Legislation Passed

Last night Parliament passed the legislation to enable the JobKeeper Payment scheme which is intended to deliver income support of $1,500 per fortnight to eligible employees of COVID-19 affected businesses. Under this legislation, the Government has created a “framework” under which the Treasurer will be required to make rules to provide for the payments, including …

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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.

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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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Ballarat Accountants: Should you use a family or corporate / discretionary trust as your business structure?

A trust is where a trustee carries out the business for the trust’s beneficiaries. It is not a separate legal entity and a trustee could be an individual or company. The trustee is legally liable for the trust’s debts and may use the trust’s assets to meet its obligations. In case of a shortfall, the trustee will be responsible. A trust is set up through two types of trust deeds: unit or discretionary trusts.

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Accountants Ballarat: Common travel and accommodation issues that businesses should be wary of

Here are some of the common issues that travel and accommodation businesses should be wary of. At Sky Accountants Sunbury & Bookkeepers Sunbury, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us at info@skyacc.com.au or 1300 328 855

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Accountants Sunbury: Common travel and accommodation issues that businesses should be wary of

Here are some of the common issues that travel and accommodation businesses should be wary of. At Sky Accountants Sunbury & Bookkeepers Sunbury, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us at info@skyacc.com.au or 1300 328 855

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Accountants Ballarat: Common travel and accommodation issues that businesses should be wary of

Here are some of the common issues that travel and accommodation businesses should be wary of. At Sky Accountants Ballarat & Bookkeepers Ballarat, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us at info@skyacc.com.au or 1300 328 855

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