Be Warned – The Scammers are still Rife!

Current as at 21 May 2020 We have written about this in past editions of S & W Insight but we have to return to the subject as the problem just does not go away. We continue to have clients telling us about being contacted by people trying to scam them. The methods change but the aim is the same … Read More

Self managed superannuation funds and COVID-19 measures

Current as at 21 May 2020 You may be aware that the Government recently announced measures which allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early. Similarly, rental relief for your SMSF property tenant may also be available. Accessing your superannuation early Making the decision to access your superannuation early is … Read More

Jobkeeper – FAQ

Current as at 21 May 2020 We are now into the second claim month of Jobkeeper and there have been a few practical questions that we’ve been asked, and we’d like to share them with you. If your business is claiming Jobkeeper or you are thinking of claiming, then please read on. Question Answer or comments Will Jobkeeper payment be … Read More

JobKeeper Payment – Your Questions answered

Current as at 16 April 2020 We’ve been fielding many questions about the JobKeeper Payment since it was announced on 30 March.  Our newsletter on 31 March outlined the announcement and how it was intended to apply.   The scheme was passed into law just before Easter with the detailed rules and explanatory statement becoming available over the Easter break, so … Read More

Are you having trouble paying or receiving your commercial rent due to COVID-19?

Current as at 16 April 2020 The COVID–19 crisis has led to businesses having a significant decrease in their turnover, with some businesses even being forced to temporarily close their doors. This has led to the problem of tenants not being able to meet their commercial rent commitments. With landlords relying on this rent to meet their own mortgage commitments, … Read More

Jobkeeper – The tricks involved in the Turnover Test

Current as at 16 April 2020 After reviewing the new legislation in relation to the JobKeeper incentive we have become aware of some uncertainty in relation to the turnover test and how businesses are able to access the incentive. The turnover test applicable to the Jobkeeper stimulus for businesses/employers is as follows: 1.       Annual aggregated turnover less than $1b and you … Read More

What can you get from the New Jobkeeper Payment Incentive

Current as at 31 March 2020 JOBKEEPER PAYMENT – WHAT DOES IT ALL MEAN? A further support package has been announced by the government on Monday 30 March to encourage businesses that are suffering a severe downturn, to retain their staff during the coronavirus pandemic.  The Jobseeker Payment is a subsidy of a flat fortnightly payment of $1,500 per eligible … Read More

2nd Special Edition on the Coronavirus – Stimulus Package

Current as at 24 March 2020 WHAT CAN YOU GET FROM THE STIMULUS PACKAGES? As a follow up to our newsletter a couple of weeks ago we now provide an update of what else has been announced. Obviously all of this has only been done as a press release so far, and there may be more detail as the legislation … Read More

March/April 2019 Newsletter

FBT SEASON AGAIN – WHAT TO WATCH FOR WITH MOTOR VEHICLES AND ENTERTAINMENT! The ATO have stated that they are going to increase audit activity for FBT this year so it is important to be prepared now that the FBT year has come to a close. Our article goes into detail on business owned motor vehicles and meal entertainment. SHOULD YOU … Read More