Covid-19 Updates
Federal Government To Make Covid Tests Tax Deductible And FBT Free
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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ATO Extends COVID-19 Relief Measures For SMSFs
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 For JobSaver And Micro-Business Grant
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 JobSaver Payment – Applications Are Open
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 – Apply Now!
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 July 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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