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All about the third Victorian Business Support Fund

The Victorian Government has announced a third round of the Business Support Fund to provide direct financial support to businesses impacted by restrictions in Victoria. 

Breaking down the "Business Resilience Fund"

The "Business Resilience Package" was announced last weekend. It will provide $3 billion in cash grants, tax relief and cash flow support to Victorian businesses, and includes a third phase of the Business Support Fund grant program. Here's how that $3 billion will be allocated...

Has COVID-19 Devalued your Business?

If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact on value? Should you discount or hold firm to pre COVID-19 performance on the basis that ‘we’re going to come out of it eventually’?

Forecasting During a Pandemic

Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be. 

Landlord & Tenant Relief Update, SMSF Changes | Monthly Snapshot September 2020

Updates to landlord and tenant COVID-19 relief, changes to Self Managed Super Funds in 2020, JobKeeper 2.0 news and our upcoming events!

Do I need to pay tax on government Covid grants?

Short answer - probably! Read here for the full answer, and also consult with your tax agent for individual advice! 

Practical Mental Wellness Strategies

2020 has been an extremely difficult year for everyone, and it can be tricky to know how to manage your mental health in a crisis. Will Centurion is a life coach and counsellor, and he gave us some practical strategies and tools that we can use in our everyday lives to cope with rocky times like this. 

Five ways COVID-19 has impacted your SMSF

Updating you on the key areas in Self Managed Super Funds that have changed in 2020, including the early release of Superannuation. 

How to create a COVID-Safe Plan for your workplace (and other lockdown considerations for employers). 

Employer obligations are mounting during COVID-19. On top of existing OH&S requirements, Stage 4 Lockdown in Victoria has introduced new workplace legislation, including mandatory closures and COVID-Safe Plans. 

Victorian Business Closure Update & Tools to Help during Stage 4 Lockdown

Here is what you need to know about business closures and reduced workforce requirements during Stage 4 Lockdown in Victoria, as well as some tools that may help you navigate this extremely difficult time. 

JobKeeper 2.0 - What you need to know!

JobKeeper Payments are being extended, but with new eligibility criteria and lower payment rates. Please talk to your tax agent to help you through the compliance elements of this JobKeeper extension!

New Victorian Mask Regulations & How to Wear One Effectively

From 11:59pm on Wednesday 22 July 2020, there are some extra restrictions that will apply, including people 12 years and older being required to wear a face covering when leaving the house. 

$2.5 Billion JobTrainer package: What you need to know

The Government has announced the $2.5 billion JobTrainer package to retrain, upskill and open new job opportunities.

New Victorian Support Packages - The "Second Wave" of Stimulus

There have been several new packages released over the weekend to support businesses impacted by this second lockdown all under the umbrella of the "new Business Support Package". 

Funding for The Arts

Will the Prime Minister’s targeted $250 million package of funding to support cultural and creative projects and initiatives save the industry?

ATO Chasing COVID-19 Frauds

We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian Taxation Office (ATO) initiatives are searching out fraud and schemes designed to take advantage of the Government’s Coronavirus Economic Response Package.

Flexible Leave for Self-Employed Parents

From 1 July 2020, parents accessing the Government’s parental leave pay (PPL) scheme will have greater flexibility and options. Targeting the self-employed and small business owners, the changes introduce a new flexible paid parental leave pay period of 30 days.

Strategies for Resilience in 2020-21 & Victorian Local Business Support | Monthly Snapshot

Resilience is going to be key in 2020-21. There are ways you can approach the new financial year to give yourself every opportunity to bounce back, and have confidence in the year ahead. 

Local Lockdowns Business Support Program

If your business has been impacted by the latest COVID-19 hotspot lockdowns in Victoria, you may be eligible for a $5,000 one-off grant from the government. A number of conditions apply, it's important you talk with your tax agent before registering for any government stimulus. 

Surviving A Crisis - Key Strategies for Business Resilience

Whether it is the coronavirus, fire or flood, the fact is if you are in business long enough you will almost certainly have to deal with an external impact on your business – bushfires, drought, GFC, SARS, 9/11, we’ve seen a few. The key is to react but not over-react. We explore the impact on business and the importance of planning for setbacks beyond your control.

ATO JobKeeper Audit Targets

The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources.

Tax & Super changes coming from 1 July 2020

The new Financial Year will immediately bring along a few new changes to tax and superannuation laws in Australia. 

COVID-19 Home Builder Stimulus Package - Who is eligible?

The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home.

Have casual workers been granted annual leave?

News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail.

Preparing for EOFY in the midst of COVID-19 | Monthly Snapshot June 2020

Our June newsletter focuses on planning and changes for tax and superannuation in the lead up to what is a strange End of Financial Year in 2020. 

Practical Positivity

A framework to help business owners to see their situation through a different lens and move upward.

Staying cyber-safe while working from home

The Australian Cyber Security Centre has shared their tips on how to protect your data, and your work data, while working remotely during COVID-19.

How to apply for JobKeeper Payments

Hint - it's more complicated than you think! We definitely recommend getting the advice of a tax agent if you're seriously considering enrolling for JobKeeper. 

Land Tax Relief for Landlords

The Victorian Government has announced land tax relief for landlords as part of its Economic Survival Package in response to COVID-19. These are expected to pass legislation on 23 April 2020. 

Victorian Business Support Fund

The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of the coronavirus (COVID-19) pandemic and keep people in work.


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