The Australian Government has announced that wage subsidies will be paid to businesses significantly impacted by the Coronavirus. The legislation/law is being drafted and needs to pass Parliament. No further updates/guidance is available at this time. The Government will pay businesses $1,500 per fortnight per employee for up to 6 months. The aim of the…
The Queensland Government $500 million COVID-19 Jobs Support Loans scheme is being provided to assist Queensland businesses financially impacted by COVID-19 to retain employees and maintain their operations. We can assist you by compiling the information needed to complete your application, just let us know. Loan features Maximum loan up to $250,000 No repayments…
The Government has announced a second economic stimulus package package detailing further support available to assist businesses throughout the Coronavirus outbreak. The following measures are in addition to those outlined in the first economic stimulus and we have summarised them for you as follows: Support for Individuals Support for Retirees Support for Businesses Please note…
Xero has advised us that Hubdoc is now included in most user plans at no additional cost. This is a great program to use to reduce data entry and keep all your invoices in the one place. Simply upload photos of your invoices to Hubdoc and the data will be automatically extracted and ready to…
The Queensland Government has just announced further measures to help local business keep Queenslanders in jobs amid the Coronavirus crisis. Jobs Support Loans Businesses can access loans of up to $250,000 with an initial 12-month interest free period to assist with maintaining operations and retaining staff. The Queensland Rural and Industry Development Authority is currently…
To assist Australians experiencing financial difficulty as a result of the Coronavirus outbreak, the Australian Taxation Office (ATO) is implementing a number of administrative concessions for businesses. These measures include: The option to defer some income tax and activity statement payments by up to four months Allowing businesses that lodge quarterly activity statements to lodge…
Today the Prime Minister has announced a $17.6 billion economic plan to support the Australian economy as we deal with the impacts of the Coronavirus. The focus of this stimulus package is to help small and medium businesses stay in business and keep Australians in jobs. Small businesses will benefit from the stimulus with the…
The Australian Taxation Office (ATO) has accidentally issued some false tax debt letters to a number of taxpayers due to an IT problem that triggered automated letters. The letters demanded debts be paid back within two weeks, some even dated back over five years. This issue first occurred in January when a change to the…
This month the Queensland Government is bringing the Buy Queensland Roadshow to the Sunshine Coast. This event is a good opportunity for local businesses to meet government buyers and other local suppliers while receiving information and advice on supplying to the government. The two hour session will include: Formal presentation Interactive activity Networking opportunities with…