The JobSeeker Payment has been expanded to include sole traders, the self-employed, casual workers and contract workers who meet the income tests as a result of the economic downturn due to the coronavirus.
Businesses getting bank loans to tide them over and boost their working capital will now have 50% guaranteed by the government and a repayment holiday of 6 months.
Its official! The instant asset write-off for this financial year is now $150,000 and the eligibility has been expanded.
For taxpayers having financial difficulties as a result of the economic downturn caused by Coronavirus, the Australian Taxation Office (ATO) will provide support. This includes more time to pay their tax debt and payment plans that may have zero or low interest.
As part of the new Economic stimulus in response to the COVID-19 pandemic, announced on 22 March 2020, early access to superannuation may be available to those affected by COVID-19.
Phase two of the Federal Government stimulus package includes measures to boost cashflow for employers to help retain staff and keep operating. This applies to businesses and Not-for-profit entities.
YBM have put together a simple explanation of who can claim, what you can claim and how.
YBM’s inclusion into the Australian Financial Review (AFR) Top 100 Accounting Firms 2019 confirms YBM’s position as one of the top regional accounting firms in Australia.
Don’t worry, the tips are here!
More and more workplaces are switching to remote working. The key to success in this way of working is staying connected to your employees.
