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 an essential service, or updating their technology to become more future proof.
Merry Christmas from the team
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.
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...
Economic Stimulus Package: Key Points for your Business
Economic stimulus package: key points for your business The government today announced a package of temporary measures worth $17.6 billion to support the Australian economy in the wake of the impact of the coronavirus. The measures mostly target small and medium-sized...
Additions to our Focus Team
We are very pleased to announce that two of our team members, Chloe Nicholson and Renee Veldstra, are both expecting their first child. Chloe is due in September 2019 and Renee in November 2019. Both girls will be back in early 2020 after maternity leave. Our other...
Interest Rates Reductions
Have your loan rates been reduced? With the recent Reserve Bank interest rate reduction, we note that some lenders have passed on this interest rate reduction and some have not.We note that one very experienced finance broker we deal with, Ian Baker (Network HQ), has...
Low and Middle Income Tax Offset
There has been a lot of talk and confusion in the media over the past weeks about the Governments additional tax refund for all taxpayers for the year ended 30 June 2019. Is it a refund? Is it an offset? Is it a bonus?The final legislation has now passed through...