by Gillian Nathan | Jul 2, 2020 | ATO, Blog, Home page, Jobkeeper, Small Business in Australia, Small to Medium Business, Tax Tips
An employment termination payment (ETP) is a lump sum payment made to an employee when their job is terminated. ETPs are generally made up of unused sick leave or unused rostered days off, payment in lieu of leave, or genuine redundancy payments, etc. For some...
by Gillian Nathan | Jul 1, 2020 | ATO, Blog, Home page, Jobkeeper, Small Business in Australia, Small to Medium Business, Tax Tips
An increase to the minimum wage of 1.75% will start rolling out for the first full pay period from 1 July 2020. The increase applies to minimum rates in awards in 3 stages: Group 1 Awards – from 1 July 2020 Frontline Heath Care & Social Assistance Workers...
by Gillian Nathan | Jul 1, 2020 | ATO, Blog, COVID-19, Home page, Jobkeeper, Small Business in Australia, Small to Medium Business
We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian Taxation Office (ATO) initiatives are searching...
by Gillian Nathan | May 21, 2020 | ATO, Blog, Corona Virus, COVID-19, Home page, Jobkeeper, Small Business in Australia, Small to Medium Business, Tax Tips, XERO
Xero customers are looking for tools to help manage their business during these challenging times and Xero has responded with three new features* to help you explore: Short-term cash flow projection of your bank balance over the next 30 days. A business snapshot...
by Gillian Nathan | Apr 21, 2020 | ATO, Blog, Corona Virus, COVID-19, Home page, Jobkeeper, Small Business in Australia, Small to Medium Business, Tax Tips
The JobKeeper payment is a subsidy of $1,500 per fortnight per eligible employee paid in arrears to the employer by the ATO. It’s for businesses that have suffered a detrimental decline in business because of COVID-19 to help keep their staff employed. To receive the...
by Gillian Nathan | Apr 16, 2020 | ATO, Blog, Corona Virus, COVID-19, Home page, Jobkeeper, Small Business in Australia, Small to Medium Business, Tax Tips
If you’re an eligible business applying for Jobkeeper payments, you will have the option to apply yourself through the Business Portal, or using your tax professional. If you need help please get in touch with us. Accessing the Business Portal To access the...
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