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Coronavirus

SMSFs on the defensive: Is it time to revisit your strategy?

SMSFs on the defensive: Is it time to revisit your strategy?

Self-managed super funds (SMSFs) have had a challenging year, with COVID-19 linked market uncertainty affecting income and returns. But SMSF trustees haven’t been sitting on their...
JobKeeper – Easing eligibility

JobKeeper – Easing eligibility

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...
5 common financial mistakes to avoid during a crisis

5 common financial mistakes to avoid during a crisis

The economic impact of the COVID-19 pandemic is playing havoc with finances for many households. In an ideal world, the financial boost should be enough and assumes that everyone was...
Super changes add flexibility

Super changes add flexibility

Just when you thought you had a grip on the superannuation rules, they change again. This time though, the changes are mostly positive, especially for older super members keen to top up...
Extension of the JobSeeker program

Extension of the JobSeeker program

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...
JobKeeper changes announced

JobKeeper changes announced

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...
JobTrainer skills package

JobTrainer skills package

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...
Year in Review – Investment Insights

Year in Review – Investment Insights

Financial year 2020 has truly been a year of two halves. The first half was characterised by continued economic expansion, buoyant equity markets and historically low – even negative in...
5 Steps to Easing Anxiety After Lockdown

5 Steps to Easing Anxiety After Lockdown

With restrictions lifting in Australia, shops and cafes are reopening, social gatherings are permitted again and things are slowly starting to head back towards normal. And while many...
Housing market: shaken but not stirred

Housing market: shaken but not stirred

With Australia in a COVID-induced recession, residential property is not immune to falling economic activity. Yet housing prices are proving surprisingly resilient.  Only months ago,...
Tax Alert June 2020

Tax Alert June 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)...
How COVID-19 changes tax time

How COVID-19 changes tax time

As this financial year draws to a close, it will be viewed as a year like no other. COVID-19 (coronavirus) has impacted everybody’s life, albeit in different ways for different...
Instant asset write-off extended

Instant asset write-off extended

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...
The HomeBuilder program – government grants to eligible homebuilders and renovators

The HomeBuilder program – government grants to eligible homebuilders and renovators

The Government has announced the new HomeBuilder program to support jobs and boost demand in the residential construction sector at a time when the construction industry is facing extreme...
Unintended consequences of Government COVID-19 Policies

Unintended consequences of Government COVID-19 Policies

For every action there is a reaction. And while we’re not criticising the government’s policy response to COVID-19, we recognise that such intervention often has unintended...
How COVID-19 changes tax time

How COVID-19 changes tax time

As this financial year draws to a close, it will be viewed as a year like no other. COVID-19 (coronavirus) has impacted everybody’s life, albeit in different ways for different...
Maintaining your mental health through the pandemic

Maintaining your mental health through the pandemic

The COVID-19 pandemic has shifted our day-to-day lives in a dramatic way. One of the biggest changes to come from this period, was a transition to working from home for many people.  On...
Time to reassess your financial priorities

Time to reassess your financial priorities

At a time of uncertainty about the economy, not to mention unexpected social isolation, people are rethinking their personal and financial priorities.  Whether you are spending less by...
Keeping the economy moving

Keeping the economy moving

The Morrison Government’s mind-bogglingly large support packages to get Australians through the COVID-19 shutdown have dominated headlines, and rightly so. Only months ago, the Australian...
Withdrawing Super: what to consider

Withdrawing Super: what to consider

The federal government has been releasing details of financial support available to Australians who have lost income due the economic impact of the COVID-19 pandemic. A huge number of us...
The Importance of Maintaining Connection Right Now

The Importance of Maintaining Connection Right Now

“In the rush to return to normal, use this time to consider which parts of normal are worth rushing back to…” Many people around us have been using this time to consider the kind...
The Big Differences between the Great Depression and Covid-19

The Big Differences between the Great Depression and Covid-19

Global economic activity has grounded to a halt, prompting fears the world is in for a re-run of The Great Depression. While there might be similar scenes, the parallels are not as strong...
New tax shortcut for employees working from home

New tax shortcut for employees working from home

With many people now working from home because of COVID-19, some of the expenses your employer normally pays – such as electricity, heating and cooling – are now coming out of your...
Avoid cabin fever: look after your psychological health

Avoid cabin fever: look after your psychological health

Being stuck in isolation due to the coronavirus can be a real drain on your psychological health. But you can work through it. Your psychological health reflects how you feel, think,...
5 Tips to work productively remotely

5 Tips to work productively remotely

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...
JobKeeper Payment now officially passed by the Government

JobKeeper Payment now officially passed by the Government

On April 8th, the JobKeeper package was passed by both sides of Parliament and legislated. This update offers further guidance on the scheme. Workers with multiple jobs If you are...
Commercial tenancies rent relief package

Commercial tenancies rent relief package

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...
Temporary Relief for Financially Distressed Businesses

Temporary Relief for Financially Distressed Businesses

The coronavirus is first and foremost a health crisis, but as measures are being taken to reduce the spread of the virus throughout the community, many profitable businesses may temporarily...
Economic Stimulus Package – Boosting cash flow for employers

Economic Stimulus Package – Boosting cash flow for employers

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...
Award Flexibility During Coronavirus

Award Flexibility During Coronavirus

Workers may soon have access to unpaid pandemic leave and extended annual leave at reduced rates to help keep them in their jobs through the coronavirus crisis.  On 1 April 2020, the...

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