JobKeeper – Easing eligibility
August 31, 2020
More businesses and not-for-profits will be eligible for JobKeeper payment extension under a $15.6 billion change to the scheme announced on August 7. The Government initially outlined the JobKeeper extension guidelines on July 21 but says it needs to extend its criteria after the Victoria Government implemented stricter lockdowns across the state this week. Changes…
Extension of the JobSeeker program
August 5, 2020
The Government is extending the Coronavirus Supplement to eligible recipients to 31 December 2020. The amount of the Supplement will be adjusted to reflect the gradually improved economic conditions and improving labour market. Both existing and new recipients eligible for the Coronavirus supplement will continue to be $550 per fortnight up to and including 24…
JobKeeper changes announced
August 5, 2020
The JobKeeper Payment has been extended by a further six months to March 2021, targeting support to those organisations which continue to be significantly impacted by COVID-19. From 28 September 2020, eligibility for the JobKeeper Payment will be based on actual turnover in the relevant periods. The payment rate will be reduced, and a lower…
JobTrainer skills package
August 5, 2020
The Australian Government will invest $2 billion to provide hundreds of thousands of Australians with access to new skills by retraining and upskilling them into sectors with job opportunities, as the economy recovers from COVID-19. The JobTrainer package has two aspects to it. The first aspect of the package, which is worth $1.5 billion, is…
Tax Alert June 2020
June 30, 2020
With COVID-19 dominating everyone’s thoughts, employers are being offered a brief window of opportunity to get their tax affairs in order with the new Superannuation Guarantee (SG) amnesty. There is also a range of virus related assistance on offer to help affected business and individual taxpayers. Here’s a roundup of some of the latest tax…
Instant asset write-off extended
June 23, 2020
To further support Australian businesses through the fallout resulting from COVID-19, the government has extended the $150,000 instant asset write-off for an additional six months to 31 December 2020. Initially announced on 12 May and intended to last until 30 June, the government’s $17.6bn stimulus package in part temporarily increased the threshold of the instant…
5 Tips to work productively remotely
April 14, 2020
In the current climate, many businesses are needing to make changes to accommodate staff working remotely. If you are able to work from home the ensuing changes to your work habits can be challenging to negotiate, however there are things you can do to ensure that you maintain productivity and motivation while you’re not in…
Commercial tenancies rent relief package
April 20, 2020
On April 7, the Government announced new commercial rental waivers and deferrals for tenants that have been severely impacted by the coronavirus crisis. The draft Code of Conduct is to impose a set of ‘good faith leasing principles’ and intended for landlords and tenants to share a proportionate financial risk and cashflow impact during this…
Economic Stimulus Package – Boosting cash flow for employers
April 20, 2020
An economic stimulus package is being put in place to support businesses to manage cash flow challenges and assist them retain their employees to continue to stay viable through the coronavirus crisis. The Government is providing tax-Complimentary cash flow boosts between $20,000 and $100,000 to eligible businesses delivered through credits in the activity statement system…
Accelerated depreciation deductions to benefit businesses
April 20, 2020
The Government has accelerated depreciation deductions for the next 15 months. Up until June 30, 2021, businesses turning over less than $500 million will be able to deduct 50 per cent of the cost of any eligible asset the moment it’s installed. It’s predicted these two tweaks to the investment rules could benefit up to…
Support for business investment
April 20, 2020
The government is loosening the criteria around the instant asset write-off. Pre-Coronavirus, businesses with a turnover of up to $50 million could instantly write-off the purchase of assets costing up to $30,000. Post-Coronavirus, businesses with a turnover of up to $500 million can write off asset purchases of up to $150,000. Contact the Centaur Financial team…
The JobKeeper Program: Help for businesses
April 20, 2020
The Australian Government has announced unprecedented assistance to help businesses of all sizes manage their cashflow and retain their employees. The six-month JobKeeper Payment of $1,500 a fortnight per employee is made through the tax system and is available to small, medium and large businesses, and not-for-profits. Legally employers must pass on the payment to…
Coronavirus and Global Volatility
March 10, 2020
Special Update – Monday 9th March, 2020. Today the Aussie market suffered the worst decline since October 2008 with the ASX 200 -455.6pts or -7.33% to 5760.6pts. All sectors finished in negative territory with the energy producers the hardest hit due to plunging oil prices. The market is now at a 13 month low and…
AFA Adviser of the Year 2018
October 17, 2018
We are excited to announce that Hugh Robertson has won the AFA Adviser of the Year Award at the 2018 AFA National Advisers Conference. Being among the top three national grand finalists in itself is an honour. But to win the award for being the best financial adviser in Australia was surreal and beyond belief.
Data security – protecting your business
June 19, 2018
The recent Facebook scandal demonstrates how serious data security breaches can be, but they aren’t limited to large organisations. Is your business data secure?
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