COVID-19 The Third Round of Economic Responses
On 30th March 2020 the Federal Government announced the third round of economic stimulus in response to the Coronavirus outbreak. For businesses and self-employed, the announcement introduced the JobKeeper Payment which provides further support for businesses to retain jobs. For individuals, the partner income test relating to eligibility for Centrelink payments (JobSeeker Payment, Partner Allowance […]
The Queensland Payroll Tax Relief
On the 24th March 2020, the Queensland government announced that as a result of COVID-19, all employer regardless of their size can apply for a deferral of payroll tax for the 2020 calendar year. The online application can be found at this link (note: if you have already applied for a deferral, you do not […]
COVID-19 – The Second Set of Economic Responses
On 22 March the Government announced a second set of economic responses which, combined with previous actions, total $189 billion across the forward estimates. This is the latest update of support to households and businesses aimed at absorbing significant economic consequences of the Coronavirus. Further to our correspondence on 16.03.2020, the following is an update of […]
Economic Stimulus Package – Payroll Tax Relief
On the 17th March 2020, the State Government announced as part of the economic stimulus package, a payroll tax relief. Details of the relief have now been clarified and we can confirm: The payroll tax relief is for businesses with grouped Australian wages of no more than $10 million in the 2019/20 financial year Employers […]
UPDATED: Coronavirus – The Government Support For You and Your Business
The Government recently released numerous announcements regarding Coronavirus, the impacts and what support is available to you and your business during this time. These announcements cover many diverse areas, so with the information available to us, we have deciphered how these changes could affect you. Economic Stimulus Package The recent economic challenges Australia is facing […]