JobKeeper Payment for Businesses

The Morrison Government has announced a historic wage subsidy that will keep Australians in jobs as the country tackles the significant economic impact from the coronavirus. The payment will be open to eligible businesses that receive a significant financial hit caused by the coronavirus. The payment will be paid to employers for up to six months for each eligible employee … Read More

Business Support Fund – $10,000 Grant

In more support for businesses impacted by the coronavirus, the first tranche of the Governments $500million Business Support Fund grant will flow from today, with $10,000 grants available for employers who don’t pay payroll tax. Potential value of the grant per business is $10,000 and is available through the grant process. To be eligible, your business needs to Employee staff; … Read More

Payroll Tax Refunds Information

The Victorian Government has announced a range of tax relief measures as part of its economic survival package in response to COVID-19. These measures are designed to help businesses and workers get through the current situation. This letter from the Premier of Victoria and fact sheet provide more information. If you are currently registered and pay payroll tax you may … Read More

Accessing COVID-19 supplement payment for sole traders and casuals

In response to the economic downturn caused by COVID-19, the federal government has made amendments to current social security rules for the six-month period 27 April 2020 to 27 October 2020. Essentially, sole traders and self-employed persons now become immediately eligible to receive benefit payments should their income go below certain thresholds for any particular fortnight. Waiting periods, liquid asset … Read More

COVID – 19 Second-Round & Updated Stimulus Package Breakdown

On March 22, the Australian government announced a second-round stimulus package in response to the current economic downturn due to COVID-19. This is a summary of Australia’s and Victoria’s updated support packages and clear links for you to read further.   Victoria Payroll tax waived Businesses with annual taxable wages up to $3 million will have their payroll tax for … Read More

COVID-19 updates and HR resources for Small Businesses

COVID-19 updates and HR resources for Small Businesses As business owners and leaders, the more we know, the better equipped we are to make great decisions. As Brian Tracy says, “The true test of leadership is how well you function in a crisis” and we are being tested now that’s for sure, but we can’t panic. We must remain calm … Read More

Superannuation Guarantee Amnesty

Do you have Superannuation owing?   If you have unpaid superannuation guarantee amounts owing for yourself or your employees then this is very important. Recently the federal government introduced legislation that will provide a one-off amnesty on unpaid superannuation guarantee amounts. Under the amnesty, the administration charge will not be levied against the employer. Also, the employer would be entitled … Read More

Setting up myGovID

Setting up myGovID   The Australian government will cease using AUSkey to transition with their online services by late March 2020. From 25 January 2020, myGovID will become the default login option for the online services for agents. myGovID is an authentication service that allows the users to prove who they are online. It is available as an app through … Read More

Australia Post Price Change

This is important for all businesses to be made aware of if they post regularly to customers. The ACCC has indicated, on 14 November 2019, that it does not object to Australia Post’s draft notification proposing increases to Ordinary Small and Large Letters prices, which will increase the Basic Postage Rate from $1.00 to $1.10. Australia Post will now progress … Read More

Single Touch Payroll

Single Touch Payroll All businesses are now required to submit STP effective 1 July 2019. Are you ready for the change? What is Single Touch Payroll (STP)? Single Touch Payroll, also called STP or one touch payroll, is an initiative from the ATO to encourage frequent salary reporting. This means employers will be required to report salaries and wages, PAYG … Read More