From 1 July 2021, employees can claim a tax deduction for COVID-19 tests that are purchased for work purposes. Find out more about the record-keeping requirements to claim the expense.
$5,000 grants will be made available to small and medium businesses across Queensland affected by the COVID-19 lockdown that commenced on Saturday 31 July 2021 and lockdowns in other states.
An extension to the government’s apprenticeship wage subsidy program for another 12 months has been announced.
QLD agricultural employees could be eligible for payments of up to $1,500 to assist with accommodation & transport costs associated with travelling and staying remotely. Applications close once all funding has been allocated or before 30 June 2021.
Under the Federal Budget handed down this month, farmers can instantly write off the full value of machinery purchases. Previously, a portion would have been tax-deductible in the first year, and the rest would have depreciated over future years.
Employers wanting to claim JobKeeper payments from 28 September will need to reassess their eligibility and prove that turnover has declined. Some businesses that did not qualify for the original JobKeeper payments may find that they now qualify for the new JobKeeper payments.
If you are not able to visit us in person, or it is more convenient to work with us digitally, we have the capability and technology to make it easier for us to connect with you. We have also considered how we can do this in a safer online environment.
We provide a summary of the update including announcements made in relation to the COVID-19 Coronavirus Supplement and JobSeeker Payment, JobKeeper Payment, Apprentices and Trainees wage subsidy and the Coronavirus SME Guarantee Scheme.
The Government is extending the JobKeeper Payment by a further six months to March 2021. Support will be targeted to businesses and not-for-profits that continue to be significantly impacted by the Coronavirus. The payment rate will be reduced and a lower payment rate will be introduced for those who work fewer hours. Retesting of eligibility will apply.
It’s true – we are biased at Carrick Aland because we believe that we have some of the best builders around as clients. If after reading about the HomeHuilder scheme you want to discuss taking matters further with any of our talented tradie clients, give us a call and we will put you in touch.
Two-thirds of Aussie businesses have suffered a decrease in business revenue compared to last year, with more than three in every 10 estimating that drop to have exceeded 50 per cent, according to the ABS Business Impacts of COVID-19 Survey results for June 2020.
Council will extend the Business Recovery Planning Initiative and will offer a second round of free consultation sessions to local businesses. Applications reopen on 1 July 2020. WDRC will reimburse professional service providers up to $605 for each business consult so business owners are supported at this critical time in their recovery.
⚠️ The QLD Government’s Small Business COVID-19 Adaption Grant Program Round 2 opens 1 July 2020. To get ready to submit an application, save the date and read on. Hurry! The first round closed fast.
The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience.
⚠️ The ATO is receiving reports of scammers pretending to be from the ATO calling members of the public and asking them to provide their bank account details. They are saying that their employer has registered them for JobKeeper, but that the ATO needs their bank account details to deposit the funds into their account. Do not provide the information requested. If you are unsure if an ATO call is legitimate, hang up and phone 1800 008 540 to check.
Please review our summary of economic stimulus as each currently stands and contact Carrick Aland to discuss further your options and what may be available for you. We have outlined details for 13 Federal and State Government initiatives.
Are you concerned about your Social Security (and Department of Veterans’ Affairs) pensions and other income support benefits due to the Coronavirus situation? Recent changes in the value of your investments due to market movements may increase your social security entitlements, or you may become eligible for a benefit.
Since the release of the Coronavirus stimulus package there has been some clarification of several measures and a number of further announcements which seek to extend assistance to more people who have been impacted.
As the coronavirus impacts our country and our way of life, we’re not only helping farm and business owners to endure the COVID-19 crisis; we’re future planning with families and businesses to thrive beyond it.
The Qld Government has announced extra tax relief for Queensland pubs and clubs who are impacted by the new measures introduced in response to the Coronavirus (COVID-19) health crisis.
If you work from home right now, remember to keep records and receipts for your home office expenses, along with a record of the hours you work from home. Keeping good records now will help to get your deductions right at tax time. The ATO has a PDF poster you can download to help understand what you can claim.
It is understandable that during times like this, people may be feeling afraid, worried, anxious and overwhelmed by the constantly changing alerts and media coverage regarding the spread of the virus. While it is important to stay informed, we outline some mental health and wellbeing tips and strategies to continue looking after ourselves and each other during these difficult times.
Find the latest coronavirus information, grants and support in your state or territory.
Find out about your workplace entitlements and obligations if you’re affected by the outbreak of COVID-19, including information about stand downs from work, working arrangements impacted by school closures, and pay and sick leave entitlements.
The Government has increased its stimulus package to businesses and not-for-profits that have employees. State School P&Cs will qualify if they had employees at the 12th March 2020.
The Government is providing cash flow assistance for eligible businesses in the form of two separate measures. The following is a broad summary of the key aspects of the stimulus package in response to the Coronavirus, as recently announced and enacted.
Various income support for individuals measures have been introduced so as to provide a ‘safety net’ for individuals who are financially impacted by the Coronavirus.
To help with cash flow pressures during the coronavirus epidemic, the Commonwealth Government has made available an additional $550 per person per fortnight eligible for Farm Household Allowance as part of the updated economic stimulus package. We urge you to call us now on 07 4669 9800 to check your eligibility and for help with the application.
The Commonwealth Government yesterday released the second stage of its stimulus plan to cushion the economic impact of the coronavirus and help build a bridge to recovery. A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business.