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Category Archive - Business Tax

COVID-19 Jobs Support Loans

written by:
Darren Hagarty


While most of the focus has been on the economic response to Cornavirus at the Federal Government level, it is worth remembering that other relief measures are also being offered at a State Government level. One such example in Queensland is the COVID-19 Job Supports Loan package. This scheme is for Queensland businesses and non-profit organisations financially affected by COVID-19 to retain employees and maintain their operations. Low interest loans of…

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The JobKeeper Payment

written by:
Darren Hagarty


On 30 March 2020, the Federal Government unveiled their latest economic response to the Coronavirus, a $130-billion government wage subsidy known as the JobKeeper Payment. Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a…

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Commercial Tenancy Relief

written by:
Josh McMullen


Over the weekend, National Cabinet agreed to a moratorium on evictions for the next six months for commercial and residential tenants in financial distress who are unable to meet their commitments due to the impact of Coronavirus.  With regards commercial tenancy arrangements, the government is encouraging tenants, landlords and financial institutions to sit down together (subject to social distancing guidelines) to find a way through to ensure that businesses can…

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Further Coronavirus Support Packages

written by:
Josh McMullen


In response to the escalating Coronavirus crisis, the Government yesterday announced a raft of further measures to assist businesses and individuals. These measures are all subject to the passage of legislation through Parliament. Firstly, the Government last week announced a range of measures that it and the banks are putting in place to support businesses over the coming months. Loan Repayment Relief Banks will defer loan repayments for six months…

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Coronavirus Stimulus Package

written by:
Josh McMullen


In response to the economic fallout from the Coronavirus, the Government has announced a range of measures to assist business and individuals.  These measures are all subject to the passage of legislation through Parliament. Business Investment $700 million to increase the instant asset write off threshold from $30,000 to $150,000 and expand access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until…

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Changes to How You Access the ATO’s Online Services

written by:
Darren Hagarty


After Friday 27 March 2020, you or your business will no longer be able to use AUSkey or Manage ABN Connections to access the ATO’s online services such as the Business Portal. These technologies are being replaced by myGovID and Relationship Authorisation Manager (RAM). myGovID is the Australian Government’s digital identity provider that allows you to prove who you are online. It is different to your myGov account. Relationship Authorisation Manager (RAM) is an…

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