Monthly Archives : July 2021

Additional support for Victorian small & medium businesses

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New support programs targeting small and medium businesses have been announced in a joint venture between the Commonwealth and State governments. These include: Business Continuity FundBusinesses impacted by capacity limits will receive a $5,000 grant, thanks to the $156 million Business Continuity Fund. 24 sectors are covered by the fund, including gyms, cafes, restaurants, event… Read more »

Important Changes to Superannuation Contributions

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The Australian government has recently announced some significant changes to superannuation contributions affecting Australians saving for their retirement. Concessional (pre-tax) Contributions Cap Increase From July 1, 2021, the concessional contributions cap increased from the current limit of $25,000 per annum to $27,500 per annum. This cap includes your employer’s compulsory Superannuation Guarantee Contributions, and voluntary… Read more »

Victorian Lockdown Cash Support

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Last week the Victorian Government announced new cash grants for businesses affected by the latest lockdown, to support a stronger recovery on the other side of the public health restrictions. Businesses that applied for the latest Business Costs Assistance Program and Licensed Hospitality Venue Fund should have received an automatic support payment of $2,000 &… Read more »

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