Newsletter
Focus Professional GroupUpdates to grants for lockdown-impacted businesses
Updates to grants for lockdown-impacted businesses The Queensland State Government has provided further clarity in relation to the grant available for small business and businesses operating in the tourism and hospitality sector, affected by the latest lockdown....
June 2021 Newsletter
What needs to be done before 30 June 2021? Superannuation Contributions If you would like to claim a deduction in the 2021 financial year, make sure payment is made to Industry Superannuation Funds by 22 June 2021 to allow them to accept the contributions....
Your Guide to the 2021 Federal Budget
As we now allow ourselves the indulgence of thinking about a post-pandemic world, the goal of the 2021 Federal Budget is to support our economic recovery. Following last year’s delayed Budget, a number of support measures, like JobKeeper and the Cashflow Boost, have...
JobMaker Hiring Credit
As many of the Government incentives introduced during COVID-19 start to dwindle away, the Government are promoting businesses to grow and hire additional employees through the JobMaker Hiring Credit. The JobMaker hiring credit is paid every 3 months in arrears to...
Planning for Business Recovery & Future Growth
Many businesses have been hit hard by COVID-19 over the past year; especially those in the hospitality and tourism industry. However, many businesses have also thrived during this period, whether it be by changing their business model, their business suddenly becoming...
Your Guide to the 2020 Federal Budget
The 2020 Federal Budget, delayed by five months, prepared amidst a once-in-a-century pandemic that has ravaged the economy and up-ended so many norms of life, has now revealed the next chapter of this saga. Over the last seven months, the Government’s priority has...
JobKeeper & Cash flow boost – ATO now scrutinising claims
Business owners have been through an intense period of COVID-19 survival mode – we’re still in it – but now we are beginning to emerge and look to the other side. Overall, the ATO has done a good job administering a series of complicated laws – JobKeeper and Cash...
Mark III: Government to subsidise businesses’ wage costs
The government yesterday announced a third round of measures to support businesses affected by COVID-19 to maintain their employees. It’s called the JobKeeper Payment – a direct payment of $1,500 per fortnight, per-eligible-employee, to qualifying businesses and...
Second Stimulus Package
Government stimulus package – Round 2 The government has announced a second round of stimulus measures totalling $66.1 billion. The newly announced measures include: Boosting cash flow for employers: Tax free cash boost of up to $100,000 for business employers...