SMSF Funds now with 6 members
From the 1st of July 2021, Self-Managed Superannuation Funds (SMSFs) will be able to have up to 6 members - an increase on the previous limit of 4 members.
COVID-19 PAYG instalment variations
Taxpayers who are concerned about reducing their September 2020 tax instalments can be at ease following the ATO's updates on potential penalties.
Hospitality industry grant opens
Applications are now open for the Victorian Government’s “Outdoor Eating and Entertainment Package,” supporting Melbourne's hospitality industry.
Could this be your JobKeeper 2.0 lifeline?
Feeling stressed thinking you will miss out on the next phase of JobKeeper because you have failed the Decline in Turnover basic test? The next few paragraphs could be the stress-relief you need.
Victorian government grants – up to $20,000
The Victorian government has introduced the Business Support Fund 3 which provides Victorian businesses and charities with grants ranging from $10,000 to $20,000
The JobKeeper Extension
In late July 2020, the Federal Government announced an extension to the JobKeeper measure beyond its 27th September 2020 conclusion date, with further measures announced in light of the recent COVID19 restrictions imposed in Victoria.
Superannuation Amnesty ending soon
The deadline for the superannuation guarantee (SG) amnesty is ending soon. Employers need to act soon to take advantage of this concession.