02 4969 4699
02 4969 4699
The Garis Group Logo
Major new COVID-19 support package to help tens of thousands of businesses across NSW

Major New COVID-19 NSW Business Support Package

The NSW Government today announced a major new grants package and changes to the Dine & Discover program to help tens of thousands of small businesses and people across NSW impacted by the current COVID-19 restrictions. The package includes grants of between $5000 and $10,000 for small businesses, payroll tax deferrals for all employers, an…
PM announces COVID disaster payment

Morrison Announces COVID Disaster Payment

The temporary payment will be made on a week-by-week basis to those suffering lost income in Commonwealth-declared hotspots. Prime Minister Scott Morrison on Thursday announced a new temporary COVID disaster payment which will provide financial support for areas defined as COVID-19 national hotspots and are undergoing lockdown for more than seven days. Workers who are…
Has COVID-19 Devalued Your Business?

Has COVID-19 Devalued your Business?

If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact on value? Should you discount or hold firm to pre COVID-19 performance on the basis that ‘we’re going to come out of it eventually’? Fair…
COVID-19 SMSF Frequently Asked Questions

COVID-19 Self Managed Super Funds FAQ

If the COVID-19 crisis has impacted your self managed super fund or its members, these FAQ may be helpful. Signature Requirements for Financial Statements Question: I usually attend my accountant’s premises to sign my SMSF’s financial statements. However, I am unable to attend in person to sign them this year due to COVID-19. How can…
Female working from Home due to COVID-19

Working from Home during COVID-19

We understand that due to COVID-19 your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a deduction for at tax time. Tracking these expenses can be challenging, so we have introduced a temporary shortcut method. It’s a simple way to calculate these expenses with…
COVID-19 | Important: JobKeeper Eligibility Dates Updated

COVID-19 | Important: JobKeeper Eligibility Dates Updated

The JobKeeper 1 July eligibility changes are now in effect, which could see staff employed by 1st July now eligible for JobKeeper, an extension from the previous 1st of March reference date. Employers have been given until the end of the month to satisfy the wage condition. The amendments apply from 3 August, the start of JobKeeper…
ATO JobKeeper Audits of Employer Obligations

COVID-19 | Incoming ATO Audits Tipped to Focus on JobKeeper, Employer Obligations

JobKeeper audits are expected to go on for two years, while the ATO’s scrutiny of employer obligations is set to continue over the next 12 months, says one audit insurance provider. Accountancy Insurance director Roman Kaczynski noted that while ATO audit activity is significantly down on previous years due to COVID-19, JobKeeper reviews have continued…
Man concerned about his SMSF due to COVID19

COVID-19 and your SMSF

COVID-19 has had an impact on many SMSFs. We look at the key issues.   Early Release of Superannuation When a member of your fund wants to access up to $10,000 of their superannuation early under the COVID-19 measures, there are some additional steps that trustees need to take. Trustees will need to ensure their…
Small Business Owner on the phone and computer looking for help during COVID-19

COVID-19 | What Now? Where to Get Help If You Need It

Help for Business JobKeeper 2.0 The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not employed on 1 March 2020 might now be eligible. The proposed changes would enable employees employed on 1 July 2020 to receive JobKeeper payments from…
JobKeeper 2.0 The New Requirements

COVID-19 | JobKeeper 2.0 The New Requirements

Between April to May 2020, JobKeeper was taken up by 920,000 organisations and around 3.5million individuals – 30% of pre-Coronavirus private sector employment.   There have been a number of Government announcements on JobKeeper that impact on business and employee eligibility. Employees that previously failed the JobKeeper eligibility test as they were not employed on…
Menu
Call Now 02 4969 4699