Tag Archives: small business changes

State Governments’ COVID-19 support: a summary

With the circulation of the Delta variant, many parts of Australia are now under lockdown putting increasing strain on small and large businesses alike. Unlike the previous nationalised COVID-19 support provided at the beginning of last year, this time, the financial support for businesses are fragmented and entirely depends on the State or Territory in...
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STP phase 2 coming soon

Single Touch Payroll (STP) was originally introduced in 2016 as a way for employers to report their employee’s tax and super information to the ATO in real time. Most employers, regardless of the number of employees were required to start reporting from 1 July 2021, this includes small employers with closely held/related payees. However, employers...
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2021 JobSaver Grant Now Open 26 July 2021

                      The recently announced JobSaver grant is now available. All applications can be made from the Service NSW website. We have summarised how the grant works below Eligibility To be eligible for the grant, you must:
  • have an active Australian Business Number (ABN)
  • demonstrate your business was operating in NSW as at 1 June 2021
  • have had an aggregated annual...
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Federal budget 2021-22: spending our way back

The Federal Government has handed down its second pandemic budget, committing billions to creating jobs and bolstering essential services as Australia recovers from the effects of COVID-19. According to the Budget Papers, Australia has achieved a stronger-than-expected recovery from COVID-19. Economic output is expected to have reached pre-pandemic levels in March 2021, nine months earlier than...
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