We trust that the period of lockdown is going to help Australia return to some semblance of normality sooner rather than later. In the meantime, if you have any questions about your financial affairs, please our office for assistance.
At HQB, our office has been primarily shut for several weeks now, with most of our accountants working from home. A small group of the administration team has stayed in office working tirelessly to maintain client contact and create processes in the face of an ever changing landscape.
Now turning to JobKeeper – which has been the main focus of our attention at the moment:
There continue to be a number of other incentives available, with the employer cash back (reducing BAS payments) being the biggest one. We expect the refunds will start to be deposited into your bank accounts commencing the end of April. Our office is also prioritising these BAS with an expectation to lodge next week.
In reality, the taxation world is a very complex, ever-changing and very busy place to be at the moment. HQB is striving to assist all our clients during this time. To support us with achieving this, we ask that you please keep your accounting systems as up to date as possible.
In the meantime, stay safe and well.
– Ian Hogbin
This article is compiled as a helpful guide for your private information and is subject to copyright. We suggest that you do not act solely on the basis of material contained in this article because items are of general nature only and may be liable to misinterpretation in particular circumstances. We recommend that our advice be sought before acting on any of these crucial areas.