Stimulus Package Archives - The Garis Group

ATO Revs Up As JobKeeper Set To End In March 2021

March 3, 2021

ATO, COVID, COVID-19, COVID19, Jobkeeper, JobKeeper Payment, Stimulus Package, Taxpayer

Promoted by Accountancy Insurance Although 2020 saw a temporary lull in the ATO and State Revenue Office’s usual activity level due to the COVID-19 pandemic, 2021 is already set to be as busy as ever when it comes to audits and reviews initiated by government revenue authorities. Accounting professionals are being advised to get their…

New JobKeeper 2.0 Rule Removes ‘Smorgasbord’ of Attribution Options

September 23, 2020

Emma Zajac

ATO, BAS, business, Business Owner, Capital Assets, COVID, COVID-19, COVID19, GST, Jobkeeper, Jobkeeper 2.0, Stimulus Package, Tax, Turnover Test

The new rules regarding the basis of accounting that an entity is required to use in calculating actual GST turnover for JobKeeper 2.0 could now throw up fresh issues for businesses. The Tax Commissioner’s determination issued on Wednesday has now set out that supplies must be allocated to a period on a GST reporting basis,…

What You Need to Know Before the JobKeeper Announcement!

July 21, 2020

Emma Zajac

ATO, COVID-19, COVID19, Jobkeeper, Jobseeker, JobTrainer, Stimulus Package

Before the JobKeeper and Stimulus review is announced, we thought it might be a good idea to recap on the latest information and headlines! $2.5 BILLION JOB TRAINER PACKAGE: WHAT YOU NEED TO KNOW The Government has announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities. JobTrainer for job seekers and…

Australian Government Third Stimulus in Response to COVID-19

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

March 31, 2020

Emma Zajac

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…

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.…

NSW Waives Payroll Tax in COVID-19 Response

March 18, 2020

Emma Zajac

ATO, Business Owner, Payroll, Small Business, Stimulus Package, Tax

New South Wales businesses will have their payroll tax waived for the rest of the financial year as the NSW government announces its $2.3 billion economic stimulus plan. NSW Premier Gladys Berejiklian has now committed $450 million to waive the payroll tax for businesses with payrolls of up to $10 million for three months…

The Stimulus Package: What You Need To Know

March 16, 2020

Emma Zajac

Coronavirus, Individuals, Small Business, Stimulus Package, Tax

Following the Prime Minister’s media announcement late last week we have compiled a summary of the government’s COVID-19 economic stimulus support plans for both individuals and small businesses. We will provide additional client alerts and announcements on various matters as and when required, however for now if you or your business requires support, please reach…

ATO Revs Up As JobKeeper Set To End In March 2021

New JobKeeper 2.0 Rule Removes ‘Smorgasbord’ of Attribution Options

What You Need to Know Before the JobKeeper Announcement!

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

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

NSW Waives Payroll Tax in COVID-19 Response

The Stimulus Package: What You Need To Know

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