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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Sky Update – February 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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Sky Update – January 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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Ballarat Accountants: What is the best business structure for your business?

If your main goal is to scale your business, a company structure may be your ideal choice because it provides flexibility to expand and bring in new partners to the business. It also offers a capped taxation rate and a reduced level of personal liability. At Sky Accountants 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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Ballarat Accountants: Is Company Business Structure Best for You?

A company is a separate legal entity that can sue, be sued and incur debt. You can form a private company otherwise known as proprietary or a public entity. The owners or company shareholders have limited personal liability and are not generally responsible for the debts of the company.

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