The JobMaker Hiring Credit

What is JobMaker?; JobMaker Eligibility; Who is NOT eligible for JobMaker?; How to register for JobMaker?; How is baseline headcount and payroll calculated?; How is the “20 hours per week” requirement calculated?; Scenario: Hiring an eligible employee partway through a JobMaker period; Calculating JobMaker claim; Headcount increase ; Payroll Increase; Key JobMaker dates...

Your Knowledge November 2020

Our November newsletter discuss about what has been announced so far in the 2020-21 Federal Budget. JobMaker Hiring Credits (what it is & when do the credits start, How to access it), Tax deductions for investing in your business, Refunds for tax losses and more.....

Road to Recovery? Budget 2020-21 Update

What a week, JobKeeper updated and last night the Federal Budget. The 2020-21 Budget impacts every Australian, and our newsletter divides the budget into what is relevant to you. The aspects explored are You, Your Super, a section for Employers and Business Owners and various...

Your Knowledge October 2020

Relative to last week, this months’ newsletter leads us to the next steps for those who still qualify and those that are no longer eligible.    The impact of Covid-19 on businesses around Australia is varied, fortunately here in Perth, Marsdens and other businesses are able to meet with clients face to face, whereas illustrated on the first page of the newsletter...

Your Knowledge 2020 September

Find Inside • Has COVID-19 devalued your business? • Forecasting during a pandemic • Question of the month – My business received a Government grant. Do I pay tax? • 14 Sept JobKeeper Alert. Click here to access our...

TAX MATTERS EDITION 36 – 2020

Tax Matters, a newsletter aimed at informing you about the best tax strategies for you and your business. In this edition, we talk about division 7A and private loans, TPAR, CGT rollover in a divorce, help for businesses and individuals, government funding for businesses, home office questions, COVID-19 and...

Treasurer expands access to JobKeeper

Employees that previously failed the JobKeeper eligibility test as they were not employed on 1 March 2020, may now be eligible for payments from 3 August 2020 if they were employed on 1 July 2020. In our latest newsletter, we discuss this new reassessment (click here to read...

JobKeeper 2.0

On the 21 July 2020, the Government announced extensions of JobKeeper to 28 March 2021, but with tighter access and reduced rates. From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility and prove an actual decline in turnover. We have summarised the key...

JobSeeker and other income support

On 21 July 2020, the Government announced changes to the Covid-19 income support measures. We explore the details.

Business Matters Q3 2020

Business Matters, a quarterly newsletter in which strategies for managing your business are shared. In this latest edition, we discuss What to do when you can’t pay tax on time, changes in ATO car rates; Marketing your business; Covid 19 impacts on tax returns; Tax Offsets and the Critical Steps to a successful...