Special Episode: The Government's $66.1 bn Stimulus Package Explained

03/29/20 • 23 min

In this episode, Accountants, Registered Tax Agents and CPA’s Sheryl Cole and Corinne Cole outline the key 8 measures announced in the Government’s 2nd $66.1 bn Stimulus Package.

We clarify for you:

Tax-free payments up to $100,000 for employers
Sole traders and self-employed - what’s available for these taxpayers
Support available for businesses who employ Apprentices and Trainees
Increased Centrelink Supplements
Early release of superannuation
Loans for small and medium businesses up to $250,000
Solvency Safety Net
Solvency & Bankruptcy

In this episode we mentioned where you can find more information about the support available for businesses who employ Apprentices and Trainees:

The Department of Education, Skills and Employment website at: www.dese.gov.au
Australian Apprenticeships website at: www.australianapprenticeships.gov.au

For further information on how to apply for the subsidy, including information on eligibility, contact an Australian Apprenticeship Support Network (AASN) provider.

We also noted that the Government is now providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders residing in Australia. You can access the full list here.

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

platinumaccounting.com.au

In this episode, Accountants, Registered Tax Agents and CPA’s Sheryl Cole and Corinne Cole outline the key 8 measures announced in the Government’s 2nd $66.1 bn Stimulus Package.

We clarify for you:

Tax-free payments up to $100,000 for employers
Sole traders and self-employed - what’s available for these taxpayers
Support available for businesses who employ Apprentices and Trainees
Increased Centrelink Supplements
Early release of superannuation
Loans for small and medium businesses up to $250,000
Solvency Safety Net
Solvency & Bankruptcy

In this episode we mentioned where you can find more information about the support available for businesses who employ Apprentices and Trainees:

The Department of Education, Skills and Employment website at: www.dese.gov.au
Australian Apprenticeships website at: www.australianapprenticeships.gov.au

For further information on how to apply for the subsidy, including information on eligibility, contact an Australian Apprenticeship Support Network (AASN) provider.

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

platinumaccounting.com.au

Previous Episode

012. Business Continuity in the face of the Coronavirus Pandemic

In this episode, Sheryl and Corinne discuss how to maintain Business Continuity in the face of the COVID-19 Coronavirus Pandemic, to give you guidance on the strategies that you can implement for your staff to facilitate them to work remotely if required. We also discuss other business considerations that you should be thinking about at this time.
We talk about:

What a Business Continuity Plan is;
Things you can do to facilitate your staff to work remotely if needed; and
Other business considerations to ensure that your business can outlast this health crisis.

If you'd like help with your Business Continuity Plan or you need budgeting and cashflow help at this time, then please get in touch with us at platinumaccounting.com.auYou can learn more about the show hosts, Corinne Cole and Sheryl Cole at:

platinumaccounting.com.au

Next 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