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.
Read MoreThe Victorian Government has released the Covid-19 (Coronavirus) Business Support and Financial Assistance Finder online.
Read MoreLast week the government announced special arrangements this year with regard to completing your individual tax return and taking account of the current working from home measures. This will make it easier for people to claim working from home deductions.
Read MoreWe’ve designed this guide as a quick reference to the COVID-19 related tax and financial support that might be available to you.
The stimulus and support packages help, but there are gaps and they will not return most adversely impacted businesses or people back to their pre-pandemic position. It will all take time.
Read MoreOn 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.
Read MoreEmpty restaurants and retail stores were one of the first signs of the devastating impact the coronavirus on Australian businesses.
Within a few months, the virus, now called COVID-19, has gone from being a largely unknown medical condition to one that threatens to impair Australian and global economic growth.
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