2021 NSW COVID-19 jobSaver Payment – Reconfirming your eligibility

JobSaver Payment is an ongoing support for businesses impacted during 2021 NSW COVID-19. The applications will close at 11:59 pm on 18 October 2021. For full details, please refer to our blog. Due to ease of restriction in some industries and regions, Services NSW is asking businesses to reconfirm their eligibility for JobSaver Payment every …

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2021 NSW COVID-19 Supports & Grants – Common Questions

Due to evolving COVID-19 situation which results in constant changes to the guidelines of various business supports/grants, there is an inconsistency between the messages delivered by Service NSW and interpretation of rules. We have summarised some commonly asked questions and answered them based on information available to us as at today (16 August 2021). For …

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2021 NSW COVID-19 JobSaver Payment – continuing supports

Many business owners are confused what supports available to them during 2021 NSW COVID-19 lockdown. There are three major grants for businesses. Which grant(s) applicable to your business will largely depend on the turnovers of your business for the year ended 30 June 2020.  Micro Business Grant is for micro-businesses with turnovers between $30,000 and $75,000. Business …

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2021 NSW COVID-19 Business Grants & Other supports

The major 2021 NSW COVID-19 Supports available to businesses are Business Grants, Micro Business Grants and JobSaver. The full details of Business Grants are listed below, and applications are open on 19 July 2021. For JobSaver and Micro Business Grants, a brief summary is provided in this blog. For full details, please refer to our …

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Christmas parties and Fringe Benefits – Celebrating with tax in mind

Christmas is traditionally a time of giving. As an employer, you may want to reward your staff and show gratitude towards your customers/suppliers for their loyalty. You may encounter many different circumstances when providing these gifts/benefits to your staff or dealing with client’s expenditures. The following explanations may help you determine whether there are tax …

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COIVD – 19 JobKeeper 2 – Things that you need to know in coming days!

JobKeeper 1 is about to end on 27 September 2020. To receive JobKeeper 2 from 28 September 2020, the business owners will need to re-assess their eligibility to obtain continuing support from the government. There are two parts of JobKeeper 2: Extension 1 for the period between 28 September to 3 January 2021, and Extension …

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COIVD–19 JobKeeper Update 1.1 – Check your employee list NOW!

On Friday 14 August 2020, the Treasurer released an update on Jobkeeper 1, which is currently in force. This update broadens the eligibility test for the employees, who are otherwise not eligible based on existing criteria. Other basic conditions, such as declining in turnover test, etc. remain the same.  New test date for identifying eligible employees Prior to this update, …

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Property Investments – negative Gearing or Positive Gearing?

When it comes to property investments, it’s important to have a strategy behind your investment.  People often ask should I use negative or positive gearing when buying investment property? The answer will depend on how much you are currently earning and whether you are more interested in capital growth or income from your investment. Read …

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