Victorian Business Support Package Announcement

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.

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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.

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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.

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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.

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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 eligibility for payments, the amount of payments and the time that payments will be made.

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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.

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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 built on many of the measures previously announced, in particular the measure labelled “boosting cash flow for employers”.

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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.

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