As one of the hardest hit groups throughout COVID restrictions, The Government is now encouraging businesses to employ workers aged between 16 and 35 who were receiving income support in the last 3 months. The new JobMaker Hiring Credit will provide employers with an incentive payment for each additional eligible worker hired after October 7th… Read more »
As a result of everything that has happened this year, we are seeing the lowest interest rates on offer from the major banks in a long time. With rates dropping below 2.5%, now is the best time to get one step ahead on one of your biggest debts. Whether you’re looking at purchasing a new… Read more »
Planning for retirement is a bit like planting a tree; the best time to plant a tree (or start planning for retirement) was 20 years ago! The second-best time to start planting or planning is now. What are some simple points that people should keep in mind when thinking about retirement? Don’t think you are… Read more »
As part of the Victoria Governments Business Resilience Package, details about the different grants available to industries have been announced. The $3 billion put forward is to help Victoria businesses feeling the ongoing effects of Covid-19 restrictions, move to Covid-normal operating levels. See details about each new package below: Outdoor Eating and Entertainment Package This… Read more »
**Applications are now open. The Victorian Government has recently announced more support measures as ongoing help to businesses that have been impacted by the restrictions imposed, through the new Business Resilience package. $3 billion will be available to Victorian Businesses in varying formats to help prepare everyone for Covid-normal operations. Amongst the support on offer… Read more »
The JobKeeper Scheme has now been extended to include any eligible employees who were employed as at 1st July, 2020 and are not currently nominated by an employer for JobKeeper payments. Under the new ‘one in, all in’ principle for JobKeeper, employers must have their new employee nomination notices lodged by August 24th, to be covered… Read more »
With new stage 3 and stage 4 restrictions in place as of August across Victoria, the Business Support Fund grants have been extended to accommodate further impacts to businesses as a result. Businesses who employ staff in Victoria who are impacted by stay-at-home restrictions and operating at a limited capacity, or no longer operating, may… Read more »
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 »
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