COVID19 Archives - Page 8 of 8

Australian Government Third Stimulus in Response to COVID-19

Third Stimulus: $1,500 JobKeeper Subsidy to Keep Staff Employed

March 31, 2020

COVID19, employee, Employer, Small Business, Stimulus, Stimulus Package

A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn). To be a part of the subsidy, employers will need to ensure that their employees receive at least $1,500 per fortnight (before tax). See…

Support for Sole Traders During COVID-19

COVID-19: Support Available for Sole Traders

March 30, 2020

Emma Zajac

Coronavirus, COVID19, Small Business, Sole Trader

The Australian Government has announced measures to support businesses impacted by the coronavirus (COVID-19). If you’re a sole trader, learn what your business can get and where to go for help. If you are a sole trader without employees If you’re a sole trader and do not employ any staff you are eligible for:…

Big Banks Outline Mortgage Repayment Relief

Big Banks Start to Release Loan Package and Mortgage Relief Options

March 25, 2020

Emma Zajac

Coronavirus, COVID19, Major Banks, Mortgage, Small Business

The major banks have outlined how they are supporting those affected by the coronavirus pandemic and its economic impacts, including mortgage repayment relief and interest rate reductions. On Thursday (19 March), the Reserve Bank of Australia (RBA), the federal government and the Australian Prudential Regulation Authority (APRA) announced a raft of new measures to support the domestic economy in the wake of the…

The Second $66.1 bn Stimulus Package: What You Need To Know

March 23, 2020

Emma Zajac

business, COVID19, Individuals, Jobseeker, Small Business, Sole Traders, Stimulus Package, Superannuation

The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws. The stimulus measures are not yet legislated. Parliament will reconvene on Monday 23 March.…

ATO Implements Support Measures to Assist Those Affected by COVID-19

March 17, 2020

Emma Zajac

ATO. Small Business, business, COVID19, Support

The Australian Taxation Office (ATO) will implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak. Commissioner of Taxation Chris Jordan is encouraging businesses impacted by the coronavirus to get in touch with the ATO to discuss relief options. “We know that many businesses and communities…

Third Stimulus: $1,500 JobKeeper Subsidy to Keep Staff Employed

COVID-19: Support Available for Sole Traders

Big Banks Start to Release Loan Package and Mortgage Relief Options

The Second $66.1 bn Stimulus Package: What You Need To Know

ATO Implements Support Measures to Assist Those Affected by COVID-19

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