Business in a post pandemic environment

Business in a Post Pandemic Environment

Countries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment. Australia, like New Zealand, has managed COVID-19 on an elimination basis. That is, lockdowns and border closures to keep the virus out. And, it has worked comparatively well with New Zealand suffering 26…
Lock-downs: What help is available

Lock-Downs: What Help is Available

The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and how you can get it. FOR YOU COVID-19 Disaster Payment The COVID-19 disaster payment is available to eligible workers who can’t attend work or who have lost income because of a lockdown and don’t have…
Scott Morrison Disaster Relief Payments COVID Lockdown

What Lock Down Support is Available?

With Sydney in lockdown, some of the media have suggested that a $500 payment is available to “everyone”. But as we know, the devil is always in the detail.   We’ve briefly outlined the disaster payments available to individuals during lockdown below.   What lockdown support is available? If you can’t work because you or…
ATO eyes side hustles this tax time

ATO Eyes Side Hustles This Tax Time

The ATO is cracking down on the cash and gig economies, and taxpayers must ensure that they are declaring all of their odd jobs and freelance work on their tax return, says one industry body. While gig economy workers often earn their income as independent contractors, the term broadly includes people who earn income from…
Gladys Berijiklian NSW Government

NSW Announces $24m Innovation and Research Program

The Berejiklian government will offer small and medium-sized businesses up to $24 million in grants over two years to commercialise solutions for the government’s agencies. The NSW government on Tuesday announced its Small Business Innovation Research (SBIR) program, a scheme geared toward encouraging small and medium-sized businesses to solve government initiatives related to five of…
ATO to set its sights on ‘copy-paste’ expense claims

ATO Set’s It’s Sights on ‘Copy-Paste’ Expense Claims

The Tax Office has issued a warning to taxpayers who opt for “copy-pasting” work-related expense claims, like those accrued for travelling between work sites, or laundering uniforms, while they have been working from home. The ATO on Thursday warned taxpayers that it will set its sights on ineligible work-related expense claims come tax time, issuing…
Couple working from home during the COVID-19 Pandemic

ATO Signals Crackdown on 4 Ineligible Work-From-Home Claims

As tax time looms, the ATO has pointed to four key ineligible work-from-home claims it will be watching closely as taxpayers look to make the most of flexible working arrangements. The ATO on Thursday urged all taxpayers to be aware that, while the temporary shortcut method will remain available to those claiming work-from-home deductions this…

The 1st July Superannuation Changes

Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account. In general, your superannuation is either in an accumulation account (when you are building your super), a retirement account (when you meet preservation age and certain conditions…
ATO confirms the resumption of its compliance activities in the wake of JobKeeper ...

ATO Confirms Debt Recovery Action Will Resume

Taxpayers falling behind on tax debts and lodgement obligations can soon expect contact from the ATO as it confirms the resumption of its compliance activities in the wake of JobKeeper ending. With the JobKeeper program officially over, the Tax Office has now confirmed that it will resume pursuing and enforcing debt recovery action. The change…

Morrison Government Unveils Post-JobKeeper Stimulus Package

The federal government will roll out a $1.2 billion stimulus package across the travel and tourism industries, along with an extension to its SME Loan Guarantee Scheme once JobKeeper expires at the end of the month. The support package will subsidise 50 per cent of 800,000 domestic flights to select tourism destinations across Australia. The…
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