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Federal Budget Update 2021 - 7th October 2020

The Federal Government tabled their proposed 2020-2021 Budget with a focus on stimulating jobs and the economy post Covid-19. The Budget is largely positive for both individuals and business taxpayers for the upcoming year and includes a raft of spending measures aimed at getting everyone to spend, with the ultimate aim of thereby generating jobs. However the result of this proposed Budget is a deficit of $213.7 billion. The key measures of the Budget are outlined below.

Federal Budget Update 2021

JobKeeper 2.0 - 16th September 2020

The JobKeeper 2.0 rules were released on 15th September 2020 to extend the subsidy and to implement a new 2-tiered payment system and decline in turnover test.

JobKeeper 2.0

JobKeeper Extension Rules Relaxed - 14th August 2020

On 7 August 2020 the ATO announced further changes to the Jobkeeper Payment scheme, a summary of the new rules is attached.

JobKeeper Update - August 2020

JobKeeper to Continue - 22nd July 2020

Please see below a summary of recently announced changes to the Federal Government JobKeeper payment concessions.

JobKeeper to Continue

HomeBuilder Subsidy Fact sheet - 17th June 2020

See below for HomeBuilder Subsidy Fact sheet.

HomeBuilder Fact Sheet

2020 Year End Tax Planning Checklist - 3rd June 2020

See below for 2020 Year End Tax Planning Checklist.

2020 Year End Tax Planning Checklist

It May be a Good Time to Review your Bank Loans to Secure Savings - 30th April 2020

See below for It May be a Good Time to Review your Bank Loans to Secure Savings information.

It maybe a Good Time to Review your Bank Loans to Secure Savings

Commercial Tenancies (COVID-19 Response) Bill 2020 - 30th April 2020

See below for Commercial Tenancies (COVID-19 Response) Bill 2020.

Commercial Tenancies (Covid-19 Response) Act 2020

JobKeeper - Seven Step Process - 23rd April 2020

See below for JobKeeper seven step process.

JobKeeper - Seven Step Process

JobKeeper Guide for Employers by Employinsure - 19th April 2020

See below for JobKeeper guide for employers by Employinsure

JobKeeper Guide

SME Commercial Rental Relief During Covid-19  - 19th April 2020

See below for SME commercial rental relief during Covid-19

SME Commercial Rental Relief During Covid-19

Checklist of Covid 19 Measures  - 17th April 2020

See below for a detailed checklist of Covid-19 Measures

Checklist of Covid-19 Measures

JobKeeper Scheme - 17th April 2020

On 9th April 2020, the Treasurer released the Coronavirus Economic Response Package (Payments and Benefits) Rules 2020 which sets out the rules for administrating the JobKeeper scheme. You need to act now, as you must lodge before 26th April 2020 to claim the first two fortnightly payments!

JobKeeper Scheme

Business Financial Continuity 10 Point Action Plan - 13th April 2020

See below for a business 10 Point Action Plan

Business 10 Point Action Plan

Individual Financial Continuity 10 Point Action Plan - 13th April 2020

See below for an individual 10 Point Action Plan

Individual 10 Point Action Plan

Thinking About Deferring Loan Repayments? - 13th April 2020

As we grapple with the loss of incomes, many will look to the banks for the repayment holidays being offered by lenders.

Thinking About Deferring Loan Repayments

Investment Strategy Approach - 13th April 2020

It is prudent to review your investment portfolios and speak to your independent specialist investment advisor if you have one.  It is important not to panic and rather, make well considered decisions that are aligned with your long-term plans and your particular circumstances.

Investment Strategy Approach

Client Alert: Cash Saving Measures - 30th March 2020

A number of measures have been announced by the Federal and State Governments, the Banks and also the ATO to support individuals and small business taxpayers to preserve and manage their cash flows over the coming months.

Client Alert: Cash Saving Measures

Government Guarantee Loan Application - 30th March 2020

Steve Vicary, our Director of Maxim Private Finance provides some current commentary on the $250k government backed small business loan initiative.

$250k Government Guarantee Loan Application - What you Need to Know