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Emma Zajac
291 posts
The Final Stage of JobKeeper and How to Access It

The Final Stage of JobKeeper & How to Access It

Emma Zajac
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The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”. For those severely impacted by COVID-19, JobKeeper might be available. The third and final phase of JobKeeper started on 4 January and…
ATO reveals STP reporting options for closely held payees

ATO Reveals STP Reporting Options for Closely Held Payees

Emma Zajac
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Employers with closely held payees will now have three options to report payments through Single Touch Payroll, following guidance from the ATO. The ATO has confirmed that STP reporting for closely held payees will commence from 1 July, after it had granted these employers a one-year exemption in the midst of the pandemic last year.…
NSW Government Announce New Grants Post Lockdown

NSW, WA Governments Announce New Grants Post-Lockdown

Emma Zajac
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The New South Wales and Western Australia state governments have now announced new grants for small businesses affected by snap COVID-19 lockdowns. In NSW, the new $3,000 and $5,000 hardship grants will be available to small businesses in Sydney’s Northern Beaches that were affected by COVID-19 restrictions over Christmas last year. WA small businesses will…
Aerial view of Suburban Houses promoting property investment

Expert Warns, Invest In Property or Watch Savings Dwindle

Emma Zajac
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Money is cheaper than it’s ever been on the back of a favourable interest rate environment, compelling Aussies to shift away from other types of investment vehicles and into property investment. Non-traditional property investors are looking to pounce on the favourable interest rate environment and dabble their feet in property, founder and director of Rethink…
ATO extends simplified working-from-home deduction method

ATO Extends Simplified Working-From-Home Deduction Method

Emma Zajac
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Taxpayers continuing to work from home in the new year will be allowed to continue using the simplified working-from-home deduction method following a third extension by the ATO. The 80¢ per hour shortcut method, introduced in April 2020 in response to COVID-19, will now be in place until 30 June 2021. This is the third…
NSW Government Dine & Discover Vouchers

Christmas Comes Early for NSW Hospitality, Tourism & Art Industries

Emma Zajac
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What a year! I think I can speak on behalf of, well, everyone, when I say that Christmas is upon us and I couldn’t be happier to close the chapter that is the year 2020. It’s the time of year where most businesses are winding down and planning for a little R & R, however…
Coronavirus grants now tax-free

Coronavirus Grants Now Tax-Free

Emma Zajac
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Legislation aimed at ensuring coronavirus small business grants are not subject to income tax has now passed both houses of Parliament. Treasury Laws Amendment (2020 Measures No. 5) Bill 2020 passed Parliament late on Thursday. The bill amends income tax law to make certain grant payments received by eligible businesses non-assessable non-exempt income so that these…
JobKeeper deadlines for the second extension period have now been extended by the ATO ahead of the festive season.

ATO Extends JobKeeper Deadlines ahead of Christmas & New Year

Emma Zajac
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JobKeeper deadlines for the second extension period have now been extended by the ATO ahead of the festive season. Completion of the December business monthly declaration, for employers to be reimbursed for payments between 23 November 2020 to 3 January 2021, has also been extended from the usual 14th of each month to 28 January…
Small Retail Business Owner in VIC

Victoria Launches Small Business Digital Rebate

Emma Zajac
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Victorian businesses will now have access to a $1,200 rebate to put towards adopting new digital products, including cloud accounting tools, to assist them in their COVID-19 recovery. Victoria’s Small Business Digital Adaptation Program is now open for registrations until 28 February 2021. The program, part of the state government’s $3 billion Business Resilience Package,…
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