Sole Trader Granted Access To JobKeeper With Backdated ABN

A sole trader who was able to backdate his ABN has won access to JobKeeper payments in a recent case before the Administrative Appeals Tribunal (AAT).

Corporate Secretarial, Financial Accounting, TaxationJPR BUSINESS GROUP3 February 2021sole trader, jobkeeper payment, jobkeeper, JobKeeper

Winding-up: Simplifying small business insolvency

On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.

Corporate Secretarial, Financial AccountingJPR BUSINESS GROUP2 February 2021insolvency, business

The Final Stage Of JobKeeper And How To Access It

The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”.

Taxation, New Business, Financial AccountingJPR BUSINESS GROUP1 February 2021jobkeeper, business, jobkeeper payment

2021 Risks & Opportunities

With the borders between the State and Territories all but open and 2021 in sight, there is a hunger for a return to ‘normal’. The recent Westpac-Melbourne Institute Index of Consumer Sentiment articulates this desire to ‘get on with things’; sentiment reached its highest level since November 2013 and Christmas spending is expected to be consistent with previous years.

Investment, Financial Accounting, Corporate Secretarial, New Business, Superannuation, TaxationJPR BUSINESS GROUP3 December 20202021, Australian Economy, Economic Forecast, JobKeeper, JobTrainer, HomeBuilder

Extended December JobKeeper Deadlines

The ATO has extended the JobKeeper monthly business declaration deadline for the month of December until 28 January 2021 (from 14 Jan 2021).

Corporate Secretarial, Financial Accounting, New Business, TaxationJPR BUSINESS GROUP3 December 2020ATO, jobkeeper, australian tax office, covid-19

How to get started with your post-COVID financial plan

Financial downturns, like the one caused by COVID-19, are often touted as “once-in-a-generation” events. But the reality is that they can and likely will happen multiple times during your lifetime, so it’s a good idea to get yourself in a position to weather financial storms now.

Financial Accounting, SuperannuationJPR BUSINESS GROUP6 November 2020Apt Wealth Partners, covid, financial planning, financial advice, financial plan

Refunds for tax losses

In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously taxed profits between 2018-19 and 2020-21.

Taxation, Financial Accounting, Corporate SecretarialJPR BUSINESS GROUP5 November 2020company tax, tax, australian tax office, ATO

Tax table reminder

The 2020-21 personal income tax cuts announced in the Federal are now law.

Corporate Secretarial, Financial Accounting, TaxationJPR BUSINESS GROUP4 November 2020Taxation, tax, ato, Tax tables

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