02 4969 4699
02 4969 4699
The Garis Group Logo
COVID-19 Australias Major Banks agree to 'Bridging Finance" for JobKeeper Payment

COVID-19 | Major Banks Agree to Provide ‘Bridging Finance’ to Help Businesses

Businesses will be given a leg up by Australia’s major banks through sped-up loans to cover upfront staff wages before the ATO reimburses the $1,500 per fortnight JobKeeper payment each month. Treasurer Josh Frydenberg has announced that Australia’s four major banks have now agreed to provide “bridging finance” to help businesses pay their employees before…
Female Small Business Owner Applying for The Australian JobKeeper Payment for Her Employees

COVID-19 | The JobKeeper Payment

On 9 April 2020, the Coronavirus Economic Response Package (Payments and Benefits) Act 2020 was enacted which gives effect to the Government’s $130 billion JobKeeper payment scheme. The scheme was announced on 30 March 2020 by the Prime Minister and the Treasurer in a joint media release and was both tabled and passed without amendment…
The Garis Group Team

COVID-19 | Our Response

First and foremost, our hearts go out to everyone at this incredibly difficult time. Our firm has always prided ourselves on our level of communication and now more than ever, communication will be vital in helping and informing our clients of resources, updates and support measures available to them. Our team is working tirelessly to…
Empty Office space due to coronavirus

COVID-19 | Small & Medium Businesses Granted Rental Waivers and Deferrals

Small and medium businesses will now be granted rental waivers and deferrals under a mandatory Code of Conduct unveiled by Prime Minister Scott Morrison. Under the Code of Conduct, landlords will be required to reduce rent proportionate to the trading reduction in the tenant’s business caused by the coronavirus pandemic through a combination of waivers…
Young Couple Experiencing Financial stress and wanting to access their super early

COVID-19 | Taxpayers Cautioned on Early Super Release

Taxpayers have been urged to reconsider applying for the early release of super to simply obtain tax benefits, with the loophole going against the intent of the government’s COVID-19 relief measures. Temporary early access to super was one of several changes made to superannuation as a part of the government’s second stimulus package to offset the economic…
Female employee working from home due to COVID-19

COVID-19 | Working From Home

With the ever-increasing impact of the Corona Virus plaguing our way of life, more and more people will be asked to work from home where that is practical. With a greater number working from home it is an opportune time to understand what the Australian Taxation Office (ATO) will allow you to claim as a…
Cyber Hacker Scamming People during Coronavirus

COVID-19 | Rising Online Scams Taking Advantage of Coronavirus

The Australian Cyber Security Centre (ACSC) has warned of an increase in scams and phishing emails seeking to take advantage of the uncertainty around the ongoing COVID-19 crisis. According to the ACSC, the last three months have seen a significant increase in the number of individuals and businesses reporting scams and phishing emails. In a…
ATO to hold a 'Strict line' on PAYG Withholding deferrals

COVID-19 | ATO to Hold a ‘Strict Line’ on Granting PAYG Withholding Deferrals

The ATO will now only consider deferring PAYG withholding for large businesses where there is a genuine risk of insolvency, but directors have been warned of the significant risks in applying for the relief. The Tax Office has now clarified its position on its discretion to defer the PAYG withholding, GST and excise obligations of…
Menu
Call Now 02 4969 4699