Covid-19 Updates

covid test expenses are tax deductible and fbt free

Federal Government To Make Covid Tests Tax Deductible And FBT Free

By Wen Wen / February 14, 2022

Work-related Covid test expenses are tax deductible The Federal Government has announced that COVID‑19 tests (including Polymerase Chain Reaction and Rapid Antigen Tests) are tax deductible for hard‑working Australians, and exempt from fringe benefit tax for businesses, where they are purchased for work‑related purposes. The change will take effect starting the tax year 2021-2022 This […]

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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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