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To assist financially stressed businesses, the government will provide temporary increases (for 6 months) in thresholds related to bankruptcy and insolvency provisions: Increase in the threshold required for a creditor to issue a statutory demand from $2,000 to $20,000, Increase in response time for a statutory demand from 21 days […]

The Victorian Government has announced their plan to have Payroll Tax waived for some employers as part of a range of tax measures to support businesses through Victoria’s State of Emergency . It all part of a broader economic survival package to support business and jobs in response to COVID-19. […]

Eligibility The payment will provide cash flow support by way of a Tax-Free Refund of PAYG Paid to the businesses that: have a turnover of less than $50 million in the year to 30 June 2019, and that employ staff, between 1 January 2020 and 30 June 2020. How it works […]

The ATO and the banks will give you a break by agreeing to provide administrative, interest and payment relief for some obligations of people affected by the coronavirus outbreak, on a case-by-case basis. Important These relief options will not be automatically applied, so you need to contact the ATO to […]

If you haven’t paid the right amount of super guarantee (SG) to your workers (for most that is the 9.5% super), the SG amnesty is the time to come forward. If you disclose your SG shortfalls during the amnesty, you can rectify past unpaid SG without incurring charges or penalties. […]