Covid-19 Updates

covid-19 relief measures for smsfs

ATO Extends COVID-19 Relief Measures For SMSFs

By Wen Wen / November 19, 2021

COVID-19 relief for SMSF trustees extended to 2021-2022 SMSF trustees that are financially impacted due to COVID-19 because of extended lockdowns in certain States and Territories will be granted extended relief to cover the 2021-22 financial year. The relief was originally offered by the ATO to SMSFs for the 2019-20 and 2020-21 financial years where […]

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Retesting requirements for jobsaver and micro-business grant

Retesting For JobSaver And Micro-Business Grant

By Wen Wen / September 28, 2021

Businesses are required to retest to receive payments Both JobSaver and the Micro-business Grant are recurring fortnightly payments, not one-off grants, so the NSW Government has decided that, from mid-September, businesses should retest to continue to receive payments under both programs. Broadly, businesses will continue to be eligible for support if they continue to experience […]

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Covid-19 2021 job saver applications are open

Covid-19 JobSaver Payment – Applications Are Open

By Wen Wen / July 28, 2021

Apply for the 2021 COVID-19 JobSaver Payment If you’re a business, sole trader or not-for-profit organisation in NSW and you’ve been impacted by the recent COVID-19 restrictions, you may be eligible for the 2021 COVID-19 JobSaver payment. Eligible businesses and not-for-profit organisations with employees will receive fortnightly payments backdated to cover costs incurred from 18 […]

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2021 Covid-19 micro-business grants - applications are open

2021 Covid-19 Micro Business Grants – Apply Now!

By Wen Wen / July 28, 2021

Apply for the micro-business grants today If you’re a micro-business (small business, sole trader or not-for-profit organisation with aggregated annual turnover between $30,000 and $75,000) impacted by the recent COVID-19 restrictions, you may be eligible to apply for Micro Business Grant. Application will close at 11.59pm on 18 October 2021. Micro Business Grant A fortnightly […]

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NSW covid-19 support package 2021

NSW Covid-19 Support Package July 2021

By Wen Wen / July 16, 2021

Covid-19 disaster payment In a combined NSW and Federal Governments statement, Covid-19 support packages have been announced, which include: COVID-19 disaster payment From week four of a lockdown because of a declared hotspot, the COVID-19 disaster payment will increase to $600 if a person has lost 20 or more hours of work a week or […]

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tax obligations for landlords - changes due to covid-19

Tax Obligations For Landlords | Changes Due to Covid-19

By Wen Wen / July 13, 2021

Tax implications of rent concessions There may be tax implications when you give or receive rent concessions as a result of COVID-19. It’s important to understand these changes and your obligations as a landlord or tenant. The rent concession can be: A waiver: the tenant no longer needs to pay the amount of rent that […]

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