Originally announced in March 2020, the JobKeeper Payment scheme was introduced to allow employers, sole traders and other entities, who are significantly impacted by coronavirus, to continue paying their employees’ wages and keep Australian’s employed. This Government scheme was intended to close on September 27th, 2020 however it was announced this week that a six… Read more »
To support a substantial amount of residential construction workers, the Australian Government has introduced a new HomeBuilder package to inject $688 million into the industry, which is falling as a result of Coronavirus. Seeing a drop in approvals of ~2%* since March, the Building Industry is still feeling the effect this pandemic is continuing to… Read more »
As part of the Government’s measures to support businesses survive the economic impact of COVID-19, the instant asset write-off (IAWO) threshold amount was increased from $30,000 to $150,000 as of 12th March, 2020. Initially intended to end on 30th June 2020 and revert back to different, less beneficial depreciation rules from the 1st July 2020; the… Read more »
It’s that time of year again, and although it’s been a bumpy 2020 so far, your tax appointment doesn’t need to be stressful. If you’re prepared with the right paperwork, receipts and statement information, you are on track for a hassle free appointment with the Hrkac Group Accounting team. Our Accounting team has prepared some… Read more »
Many businesses are experiencing great difficulties due to the COVID 19 Pandemic, with a significant or even complete drop in turnover. The Federal and State Governments have announced restrictions on landlords taking action against tenants for falling behind on rent. The new measures also require that tenants and landlords negotiate in good faith to try… Read more »
Preying on members of the public, scammers are targeting JobKeeper applicants by impersonating the ATO. Stating they are calling on behalf of the ATO, scammers are asking for bank account details in order to process JobKeeper payments. The ATO has advised that this is most definitely a scam and to hang up the phone. JobKeeper… Read more »
In today’s world, planning for an unknown future is something of increasing importance. The reality of your future may involve an accident or illness that takes away your capacity to make your own financial, medical and residential decisions. To help safe guard your future, appointing a trusted person to help you make those decisions, as… Read more »
Valid as at Monday 31st March 2020Last updated Monday 22nd July 2020 This page has a summarised checklist of measures that may apply to you and then the following information is more detail on some of the current measures. We stress that this is in no way intended as advice or a replacement for your… Read more »
You could be eligible for a tax rebate or cash payment. In response to the COVID-19 pandemic, the Australian Government has announced several initiatives to assist individuals and businesses through these trying times. Whilst this is not an exhaustive list of the measures the Government is initiating, we will take you through some of the… Read more »
First Home Loan Deposit Scheme Purchasing your first home is a mix of making a daunting life decision and overwhelming excitement all at once. Even though you’re locking yourself in for a significant debt for the first time and you might be doubting your saving ability, there are many support systems in place to make… Read more »
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