This is the category for general tips/articles
2021 Lockdown-impacted Business Support Grant Your business may be eligible for financial support through the 2021 COVID-19 Business Support Grants. $5,000 grants will be made available to small and medium businesses across Queensland affected by the COVID-19 lockdown that commenced on Saturday 31 July 2021 and lockdowns in other states. The Queensland Government recognises the short interval between […]
Covid-19 Employee Disaster payment This is a lump-sum payment for eligible people who lost work and income due to a Queensland COVID-19 public health order. You need to meet some eligibility rules to get this payment. Eligibility You can get it even if you were eligible on only one day during the payment period. If […]
The Pros & Cons Of A Partnership As A Business Structure If you’re looking to go into business with someone, the chances are that you might be looking at using a business structure known as a partnership. A partnership is a type of business structure that is made up of two or more people who […]
Please see below information from the ATO on Things to consider for your 2020/2021 tax return. 2020–21 has been difficult, but your tax return doesn’t need to be. We have a range of different approaches to help you through this tax time with specific measures and support available for individuals. JobKeeper payment You will need […]
What is Single Touch Payroll? Single Touch Payroll (STP), is an Australian Government initiative to reduce employers’ reporting burdens to government agencies. With STP, you report employees’ payroll information to the ATO each time you pay them through STP-enabled software. Payroll information includes: salaries and wages pay as you go (PAYG) withholding superannuation. STP started […]
Job Keeper Extension round 2 – Are you eligible? The new Job Keeper Extension period will run from the 4 January 2021 to the 28 March 2021. You can be eligible for JobKeeper extension 2 even if you were not eligible for JobKeeper extension 1 and must have satisfied the original decline in turnover test. You will […]
Job Keeper – Extension 2 4th January 2021 – 28 March 2021 The JobKeeper scheme has been extended from 28 September 2020 until 28 March 2021. There are two separate extension periods. For each extension period, an additional actual decline in turnover test applies and the rate of the JobKeeper payment is different. The extension periods are: […]
Self-Managed super funds (SMSFs) are a way of saving for your retirement. The difference between an SMSF and other types of funds is that the members of an SMSF are usually also the trustees. This means the members of the SMSF run it for their benefit and are responsible for complying with the super and […]
The JobMaker Hiring Credit will help to accelerate growth in the employment of young people during the COVID-19 recovery. This will improve their economic, health and social outcomes and reduce the scarring from long term unemployment. The JobMaker Hiring Credit will give businesses incentives to take on additional young job seekers. This will help young […]
Missed or underpaid super amounts? Business downturn due to COVID-19 may be affecting your business and you may have missed, or not paid in full, regular payments. This includes your employees’ super guarantee (SG) for the quarter ended 30 September 2020. By law, the ATO cannot extend the due date to pay super. To meet […]
