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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COVID–19 JobKeeper 1.0 Payment – Time to Act

As we know the Federal government has announced further measures to support businesses and their employees through JobKeeper payment. We have summarised the information below focusing on small business entities in the event that you need to take advantage of this support. What is the JobKeeper Payment? A subsidy to the employers with employees. A …

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COVID – 19 Stimulus – Cash Boost to Small to Medium Businesses

The interruption caused by COVID – 19 is devastating. The Government released the second, far reaching $66.1b stimulus package for all areas of the economy. We focus on the Cash Boost provided to small to medium businesses here. Cash Boost is tax-free cash supports for employers. Eligibility Employers will be eligible for the subsidy if: …

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Find the Right Bookkeeper for Your Business. It’s Never Too Late!

A great bookkeeper will make your business more efficient, productive and profitable.   However, often the biggest challenge is finding that right bookkeeper who will add value to your business instead of costing you money.  Here’s some strategies that can help to find you a bookkeeping superstar: Ensure you have developed a clear role description including …

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