So whilst we are all racing about like headless chooks dealing with Job Keeper here I am today asking you to examine your asset purchasing strategy as soon as you can. The $150,000 Asset Instant Write Off has been extended until 30th June 2021 as of 9th June 2020. PHEW. Here are a few things …
If you have enrolled and are eligible for Jobkeeper payments you would know that June 1st 2020 you can make your claim for your job keeper payments. HOWEVER – unlike last month where you could do a make up pay for the whole month – you needed to have paid a gross of $1500 in …
Remember the story of Cinderella? She had to be home before the stroke of midnight else she would be reduced to her rag dress, a pumpkin for her coach and mice for her horses…. Welcome to Trust Distribution Statements. What is a Trust Distribution Statement? If you have a discretionary trust (unlike a unit …
Why you MUST do a Trustee Distribution Resolution BEFORE 30th June each year … Read More »
Just because you failed the 30% drop test for March, April and even May 2020 – STILL CONSIDER ENROLING. Enrolling for Job Keeper means you maintain the right to keep testing for the 30% drop each calendar month right up to September 2020. Enroling before May 31st means if you go over your figures and …
NO 30% drop yet? Still consider enrolling before 31st May! Read More »
As you all know – when the March BAS 2020 is lodged, if there is a value in W1 – a payment of $10,000 or more of a tax free rebate is paid to the businesses’ RBA Account. You didn’t have to apply or do anything special – it would just happen. It was noted …
So you applied for Job Keeper for your business. This alone does not get your paid. As of the beginning of May 2020 the next ‘step’ is now available. If you would like to be paid by the release date (being the 7th of May 2020) it would be prudent to get this next step …
The Government has finally released a code for SME Commerical Leasing Principals during COVID-19. I have taken excerpts from the code directly. The link to the entire code is here. Leasing Principles In negotiating and enacting appropriate temporary arrangements under this Code, the following leasing principles should be applied as soon as practical on a …
Working from home can either be fabulous – or hell. I worked from a home office for the first 10 or so years of business before moving into a city based office. I had new born babies, toddlers and teens at home with me during this time. I also experienced the difference being a sole …
One of the most gratefully received updates has been the inclusion of small businesess’ without employees gaining access to financial support from the Government. Who is eligible? The business can be a Company, Trust, Partnership or Sole Trader There must be an expectation that the turnover of the business will fall by 30% of more. …
Job Keeper Payments – But my business doesn’t have employees? Read More »
There are a number of factors to consider with working out which employees (if any) are suitable for this payment. This is a list of what to look for when considering each of your staff for inclusion. What makes an eligible Employee – some general thoughts: They had to have been in your businesses’ …
