Blog

Coronavirus stimulus: round 3

In this latest round of Coronavirus stimulus, the government has bought out the big guns in an effort to help people keep their jobs amidst the economic downturn. The “JobKeeper Payment” is a part of a $130bn wage subsidy scheme that is designed to provide a fortnightly payment of $1,500 per employee. This new payment...
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Coronavirus concessions: NSW State Government second stimulus announcement

The second round of stimulus announced by the NSW Government on 27 March 2020 focused on small businesses and keeping people in jobs working side by side with he Federal Government Stimulus package. The key announcement in the stimulus was the creation of a $1 billion Working for NSW fund to sustain business, create new jobs...
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ATO Coronavirus concessions and advice for SMSFs

In line with various concessions provided to businesses to soften the blow of the COVID-19 pandemic, the ATO has now released the following details of concessions for self-managed super funds (SMSFs) as well as advice: SMSFs temporarily reducing rent - due to COVID-19, many landlords are voluntarily giving their tenants a reduction in rent or...
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Coronavirus stimulus: what’s in it for you – Updated

Updated 24 March 2020 In an effort to combat the economic effects of the global coronavirus pandemic, the government has provided an additional $66.4b in stimulus on top of the $17.6bn stimulus package announced earlier in the month. Details of the updated stimulus package include the following: BUSINESSES Business investment initiatives - the instant asset write-off threshold will be...
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