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 …
Tag: commercial loan
Sky Accountants named as a finalist in the Australian Accounting Awards
Sky Accountants has been named as a finalist in the Australian Accounting Awards for the Innovator of the Year Award.
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 …
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 …
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 …
JobKeeper Payment Update – Treasurer’s Rules Released
We recently published a blog advising of the passage of the JobKeeper Payment legislation on the 8th of March. In that blog, we explained the “framework” for the JobKeeper Payment which consists of the Treasurer making the Rules for the scheme and the ATO being delegated the job of administering the payments under the scheme. …
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 …
“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 …
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 …
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 …
