Small Business Rebates, Grants and Support Still Available
There are still many rebates, grants and support available to small business. Please keep watch of the Business Victoria and your local government websites to keep abreast of what is on offer. Below are just a few such items which may be of interest to you.
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 […]
COVID-19 payments and some issues for companies and trusts – Trust distributions
– Cash flow boost
– Franking credits
– Company beneficiaries
— JobKeeper amendments
— Business can claim previous year tax losses
The Government has amended the JobKeeper rules to allow more employees to qualify for the JobKeeper payment. This is achieved by extending the eligible employee test to also include eligible employees who were employed on 1 July 2020 (in addition to those employed on the original 1 March 2020 employment date), where they […]
$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.
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 […]
Coronavirus Land Tax Relief for Landlords
Residential and commercial landlords who provide tenants impacted by coronavirus with rent relief and those unable to secure a tenant because of the pandemic may be eligible for a 25% reduction on the […]