014. Job Keeper Payments & further updates on Government Stimulus Measures

04/13/20 • 36 min

In this episode, Accountants, Registered Tax Agents and CPA’s Sheryl Cole and Corinne provide further details regarding the Government's Stimulus Packages and other subsidies, grants and relief that may be available to your business in response to COVID-19.

We clarify for you:

Job Keeper Payments and the eligibility of employers, employees and self-employed.
Business Grants of up to 10k in Victoria
Tax-free payments up to $100,000 for employers; a closer look.
Moratorium on evictions and rent relief for commercial tenants
Instant asset write off and Accelerated depreciation; a closer look
ATO assistance and support that is available during this pandemic

We referenced the National Cabinet's Mandatory Code of Conduct regarding SME Commercial Leasing Principles during COVID-19.

Further updates will follow as more information becomes available. Be sure to follow us on Facebook for the latest information.

You can learn more about the show hosts, Corinne Cole and Sheryl Cole at:

platinumaccounting.com.au

We clarify for you:

Job Keeper Payments and the eligibility of employers, employees and self-employed.
Business Grants of up to 10k in Victoria
Tax-free payments up to $100,000 for employers; a closer look.
Moratorium on evictions and rent relief for commercial tenants
Instant asset write off and Accelerated depreciation; a closer look
ATO assistance and support that is available during this pandemic

We referenced the National Cabinet's Mandatory Code of Conduct regarding SME Commercial Leasing Principles during COVID-19.

Further updates will follow as more information becomes available. Be sure to follow us on Facebook for the latest information.

You can learn more about the show hosts, Corinne Cole and Sheryl Cole at:

platinumaccounting.com.au

Previous Episode

013. Tax Bite: Reasons Why You Should Always Use a Tax Agent

A tax agent can provide you with much more value than you may realise. In this episode, Corinne and Sheryl talk about the reasons why you should use a Registered Tax Agent to prepare your individual tax return in tax time 2020.
We outline the 6 ways that working with a Registered Tax Agent will benefit you:
1. Knowledge and experience
2. Valuable relationships and timely advice
3. Expertise in occupation-specific tax deductions
4. Convenience and time-saving
5. Extended tax lodgement deadlines
6. Tax agent fees - they pay for themselves.
You can learn more about the show's hosts, Corinne Cole and Sheryl Cole at:

platinumaccounting.com.au

Next Episode

JobKeeper Payment: Everything You Need to Know

In this episode, Accountants, Registered Tax Agents and CPA’s Sheryl Cole and Corinne Cole dive deeper into the JobKeeper Payment Scheme and what it means for employers, self-employed people, and individuals by default.

We clarify for you:

The details of how you, as an employer, will determine your eligibility for the JobKeeper Payment
The need for $1,500 physical wage payments that must be made to your employees in the two fortnights of April 2020 - and all fortnights beyond - in order for your employees to be eligible for JobKeeper Payment
The registration process and the documentation to be completed by you and your employees
How to assess whether you have satisfied the decline in turnover test (the basic test and the alternative test)
Your monthly reporting obligations to the ATO for the next 6 months
How sole traders, and other self-employed type individuals can go about registering for the JobKeeper payment; and
The integrity measures that will ensure fair access to the JobKeeper scheme.

You can learn more about the show hosts, Corinne Cole and Sheryl Cole at:

platinumaccounting.com.au