JobKeeper: The next steps

The first tranche of JobKeeper ended on 27 September 2020. We look at the issues for those seeking to qualify for the second tranche of JobKeeper and for those no longer eligible.

Taxation, Financial Accounting, Corporate SecretarialJPR BUSINESS GROUP1 October 2020jobkeeper payment, jobkeeper, JobKeeper, Jobkeeper 2.0, ATO, Tax, business, small business, employment, sole trader, covid-19, coronavirus

Preventing a tsunami of insolvencies

The Government has stepped in to prevent a wave of insolvencies when the COVID-19 support measures run their course in December 2020. Temporary insolvency and bankruptcy protections are in place until 31 December 2020 to enable businesses to trade through the pandemic

Financial Accounting, TaxationJPR BUSINESS GROUP28 September 2020small business, sole trader, business, business assistance, ATO, australian tax office, covid-19, coronavirus, Taxation, tax

ATO on the warpath: COVID-19

We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian Taxation Office (ATO) initiatives are searching out fraud and schemes designed to take advantage of the Government’s Coronavirus Economic Response Package.

Corporate Secretarial, Financial Accounting, TaxationJPR BUSINESS GROUP3 July 2020covid-19, coronavirus, tax, ATO, taxation, sm, small business

1 July company tax rate reduction

Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020.

Financial Accounting, TaxationJPR BUSINESS GROUP1 June 2020company tax, business, ATO, small business, medium business

What is happening with casual workers and annual leave?

News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail.

At present, there is no global change granting Australian casual workers paid leave. The case however, highlights the long running problem of determining over time, who is a permanent staff member and entitled to paid leave and other benefits, and who is a casual worker entitled to a casual loading.

Business Development, Financial Accounting, TaxationJPR BUSINESS GROUP1 June 2020business, small business, employment law, employment, fairwork commission

The ATO’s JobKeeper audit targets

The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources.

Financial Accounting, TaxationJPR BUSINESS GROUP1 June 2020jobkeeper payment, JobKeeper, Taxation, business, small business

Government announces Jobkeeper Payment to support business

On Monday 30th March the Federal Government announced that it will invest $130 billion dollars into trying to support Australian workers with the new Jobkeeper Payment.

Community, Financial Accounting, New BusinessJPR BUSINESS GROUP31 March 2020jobkeeper payment, coronavirus, ATO, business, small business, tax, wages, covid-19

How to get your payroll right

Complex award and enterprise agreements can complicate payroll obligations, in terms of both regular salary and wages and the ongoing need to pay employee superannuation. On top of that, from 1 March 2020, changes commence for annualised wage arrangements that will increase the compliance burden on some businesses.

Corporate Secretarial, Financial Accounting, New Business, Superannuation, TaxationJPR BUSINESS GROUP11 March 2020workplace relations, employment law, payroll, single touch payroll, superannuation guarantee, superannuation, small business

Australia embraces Black Friday and Cyber Monday

The Black Friday and Cyber Monday sale concepts have well and truly arrived in Australia with retailers embracing this latest retail event to stimulate what has been an economically lack lustre year.

Corporate Secretarial, Business Development, New BusinessJPR BUSINESS GROUP9 December 2019black friday, small business, SME, cyber monday, business, retail business, online business

5 things that will make or break your business’s Christmas

The countdown to Christmas is now on and we’re in the midst of the headlong rush to get everything done and capitalise on any remaining opportunities before the Christmas lull. Busy period or not, Christmas causes a period of dislocation and volatility for most businesses

New Business, Taxation, Business DevelopmentJPR BUSINESS GROUP6 December 2019business, small business, SME, christmas