News2020-09-24T18:45:14+10:00

Douglas & Harrison News

2409, 2020

JobKeeper Payment Scheme Extension

JobKeeper Payment Scheme Extension

The JobKeeper Payment scheme has been extended until 28 March 2021, see https://www.ato.gov.au/General/JobKeeper-Payment/JobKeeper-extension-announcement/

The first phase of JobKeeper was designed to get money out to businesses as quickly as possible. An unintended consequence of this was some employees being paid more on JobKeeper than they had been before COVID. Businesses […]

2109, 2020

Third Round of Business Support Fund Grants – NOW OPEN

Third Round of Business Support Fund Grants – NOW OPEN

Eligible businesses will receive grants of $10,000, $15,000 or $20,000, depending on the business’ annual payroll.

It is important you check your ANZSIC industry classification on the Australian Business Register website to confirm your eligibility.  Eligible industries can be found in the ‘

109, 2020

September Newsletter Published 01.09.2020

September Newsletter Published 01.09.2020

Our September Newsletter was sent out today – Did you receive yours?

September 2020 Issue Covered

  • COVID-19 payments and some issues for companies and trusts
    – Trust distributions
    – Cash flow boost
    – JobKeeper
    – Franking credits
    – Company beneficiaries
    — JobKeeper amendments
    — Business can claim previous year tax losses
  • COVID-19 and trust liquidity issues
  • […]

2508, 2020

Further Land Tax Relief for Landlords and Business Owners

Further Land Tax Relief for Landlords and Business Owners

The Victorian Government has announced further land tax relief for landlords and business owners, in response to the coronavirus (COVID-19) pandemic, as part of its extension of the commercial and residential tenancy relief schemes until 31 December 2020.

  • An increased 50% waiver of the […]
308, 2020

August Newsletter Published 03.08.2020

August Newsletter Published 03.08.2020

Our August Newsletter was sent out today – Did you receive yours?

August 2020 Issue Covered

  • The JobKeeper scheme gets an update, plus an extension
    – The JobKeeper Payment Rate
    – Employees
    – Additional Turnover Tests
  • Has your super fund got you covered for insurance?
    – With COVID-19, maybe not
    – COVID-19 impact on […]
907, 2020

$5000 Grant to Help Small Businesses

$5000 Grant to Help Small Businesses

$5,000 Grant to Help Businesses Through Temporary Coronavirus (COVID-19) Lockdowns

The return to Stage 3 Stay at Home restrictions mean that businesses such as restaurants, cafes, pubs, gyms, indoor sporting venues, cinemas, live music, entertainment venues and other businesses can no longer operate as they would like.

As a result, the Victorian State […]

807, 2020

Workcover & JobKeeper Information for Employers

Workcover & JobKeeper Information for Employers

Information for Employers

Commonwealth Government JobKeeper Payments and Victorian WorkCover Premiums

On 5 May 2020, the Victorian Government confirmed that any eligible Commonwealth Government JobKeeper Payments to meet the $1,500 threshold will not affect the calculation of the WorkCover premium. Therefore, not all Commonwealth Government JobKeeper Payments are included in your annual WorkCover […]

307, 2020

Local Lockdowns Business Support Program – Victorian State Government

Local Lockdowns Business Support Program

Local Lockdowns Business Support Program – Victorian State Government

$5,000 grant to help businesses through temporary coronavirus (COVID-19) lockdowns.

As announced on Tuesday 30 June 2020, specific postcodes in Victoria will return to Stage 3 Stay at Home restrictions to help slow the spread of coronavirus (COVID-19).

  1. What support is available?

Businesses that are operating […]

706, 2020

Government $25,000 HomeBuilder Scheme

Government $25,000 HomeBuilder Scheme

Home Builder Scheme

HomeBuilder package unveiled;

The Federal Government has unveiled its HomeBuilder package, offering $25,000 for people to upgrade or build their homes.

From 4 June 2020 until 31 December 2020, HomeBuilder will provide all eligible owner-occupiers (not just first home buyers) with a grant of $25,000 […]

206, 2020

June Newsletter Published 02.06.2020

June Newsletter Published 02.06.2020

Our June Newsletter was sent out today – Did you receive yours?

June 2020 Issue Covered

  • INVESTMENT PROPERTY
  • PRE-PAY INVESTMENT LOAN INTEREST
  • BRING FORWARD EXPENSES OR DEFER INCOME
  • USE THE CGT RULES TO YOUR ADVANTAGE
  • FINAL REMINDERS
  • Expatriates: Part-year resident or non-resident for tax purposes?
    – Topics included;
    – Rental […]
105, 2020

May Newsletter Published 01.05.2020

May Newsletter Published 01.05.2020

Our May Newsletter was sent out today – Did you receive yours?

May 2020 Issue Covered

  • CAPITAL GAINS – Topics included;
    – CLAIMING COVID WORK-AT-HOME DEDUCTIONS
    – EXPENSES THAT CAN BE CLAIMED
    – EXPENSES NOT WITHIN THE COVID-19 AMBIT
    – CALCULATING RUNNING EXPENSES
    – SHORTCUT METHOD
  • Your Business and the JobKeeper Scheme – Topics […]
2304, 2020

JobKeeper Payment for Employers – Enrol Now

JobKeeper Payment for Employers – Enrol Now

JobKeeper Payment for Employers - Enrol Now This information is current as of the latest updated date, however due to the evolving response to the crisis, we will update as changes occur.

Eligible businesses can now enrol with […]

1604, 2020

JobKeeper Update Action Now Needed

Jobkeeper Update – Action Now Needed

Jobkeeper Update - Action Now NeededWe understand these are challenging times and it is difficult to keep abreast of all the changes and information being provided around the Government COVID-19 stimulus packages.

We have attempted to summarise below important […]

1404, 2020

Mandatory Industry Code for Commercial and Retail Leases

Mandatory Industry Code for Commercial and Retail Leases

SME commercial leasing principles during COVID-19.

Mandatory Industry Code

The Code will be legislated and managed by the States and Territories and will be subject to binding mediation.

The two core principles underpinning the Code will be good faith and proportionality, with landlords and tenants […]

704, 2020

Superannuation Changes 7 April 2020

Superannuation Changes 7 April 2020

Superannuation Changes 7 April 2020 was sent out today – Did you receive yours?

Superannuation Changes 7th April 2020 Issue Covered

  • Reduction to Minimum Super Pensions by 50%
  • Access to Superannuation up to $10,000 Before and After 1 July 2020
    Eligibility
  • Re Contribution Strategies
  • Temporary Reduction in Rent for […]
304, 2020

April Newsletter Published 03.04.2020

April Newsletter Published 03.04.2020

Our April Newsletter was sent out today – Did you receive yours?

April 2020 Issue Covered

  • 17 Key points: The JobKeeper package Jobkeeper package completely explained, point by point.
  • Coronavirus Stimulus Package – Topics included;
    INSTANT ASSET WRITE-OFF
    ACCELERATED DEPRECIATION
    BOOSTING CASH FLOW FOR EMPLOYERS
    THE ANTI-AVOIDANCE PROVISION
    SUPERANNUATION CONTRIBUTIONS
    SGC AMNESTY
    STIMULUS PAYMENTS […]
3103, 2020

JobKeeper Package for Employers/Employees

JobKeeper Package for Employers/Employees

Dear Clients

JobKeeper Package for Employers/Employees (FACT Sheets Below)

The Australian Government yesterday released a further measure to support businesses and employees.

This package will provide a flat minimum payment of $1,500 per employee per fortnight over the next 6 months to businesses affected by coronavirus COVID-19. This amount is equivalent to 70% of the […]

2303, 2020

COVID-19 2nd Stimulus Package – Stage 1 Restrictions

COVID-19 2nd Stimulus Package – Stage 1 Restrictions

2nd Stimulus Package Information

The Australian Government yesterday released a second stimulus package in response to the Coronavirus which included an increased cash boost for employers of between $20,000-$100,000, access to new short-term unsecured loans, increased income support to social welfare recipients, halving of the minimum pension requirement, early […]

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