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Coronavirus

Opportunities amidst the COVID-19 disruption
Uncategorised

Opportunities amidst the COVID-19 disruption

COVID-19 is resulting in significant disruption to well-established business paradigms, impacting businesses, sectors and stocks across the board. However, as Albert Einstein once said: “in the middle of difficulty lies opportunity”. That certainly rings true in 2020 as analysts predict significant changes in the types of businesses that will prosper […]

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

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 hands. One of the main reasons people give for wanting to establish an SMSF is to have greater control of their investments and taking […]

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JobKeeper – Easing eligibility
Business

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 the JobKeeper extension guidelines on July 21 but says it needs to extend its criteria after the Victoria Government implemented stricter lockdowns across […]

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5 common financial mistakes to avoid during a crisis
Finances

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 financially prepared for tough times. But in times of crisis, it can all be a little overwhelming. Here are 5 […]

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Super changes add flexibility
Coronavirus

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 their savings. From 1 July 2020, changes came into effect with the potential to help retirees as well […]

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Extension of the JobSeeker program
Business

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 conditions and improving labour market. Both existing and new recipients eligible for the Coronavirus supplement will continue to be $550 per fortnight […]

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JobKeeper changes announced
Coronavirus

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 September 2020, eligibility for the JobKeeper Payment will be based on actual turnover in the relevant periods. The payment rate will […]

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JobTrainer skills package
Coronavirus

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 opportunities, as the economy recovers from COVID-19.  The JobTrainer package has two aspects to it. The first aspect of the package, which […]

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Year in Review – Investment Insights
Coronavirus

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 some countries – interest rates. However, before midnight’s chimes heralded a new decade, raging bushfires made it clear that Australia […]

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5 Steps to Easing Anxiety After Lockdown
Lifestyle

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 people are jumping at the chance to get back out there, some of us are feeling rather reluctant. Even though being isolated for […]

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Housing market: shaken but not stirred
Housing

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, economists were forecasting a housing price slump of 20 per cent or more. Now, most have revised their forecasts to price falls of between five […]

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Tax Alert June 2020
Coronavirus

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) amnesty. There is also a range of virus related assistance on offer to help affected business and individual taxpayers.  Here’s a roundup of […]

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How COVID-19 changes tax time
Coronavirus

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 people. For some, staying at home has meant you have greater savings; for others, the virus has meant lower wages […]

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Instant asset write-off extended
Coronavirus

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 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 […]

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

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 uncertainty.  Prime Minister Scott Morrison says this will drive a “tradie-led recovery” of the economy. HomeBuilder will provide all eligible owner-occupiers […]

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Unintended consequences of Government COVID-19 Policies
Economy

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 consequences.  Take lower interest rates for instance. Central banks intended to make the cost of investment cheaper and be stimulatory. Instead, Australian households borrowed […]

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How COVID-19 changes tax time
Uncategorised

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 people. For some, staying at home has meant you have greater savings; for others, the virus has meant lower wages […]

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Maintaining your mental health through the pandemic
Coronavirus

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 top of this adjustment, parents had the additional challenge of monitoring remote schooling for their children. Social […]

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Time to reassess your financial priorities
Coronavirus

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 necessity or because you are living more simply at home, this could be a good time to reassess your spending and review […]

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Keeping the economy moving
Coronavirus

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 economy was in relatively good shape and headed for a Budget surplus. It’s not just the Government that has swung into action. Behind the scenes, […]

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Withdrawing Super: what to consider
Coronavirus

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 have been affected in some way and many have been left feeling stressed and confused about what to do to […]

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The Importance of Maintaining Connection Right Now
Coronavirus

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 of world they hope to live in. The values they wish to see and the aspects […]

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The Big Differences between the Great Depression and Covid-19
Coronavirus

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 as you may think. Without a doubt, countries worldwide are in for sharp, deep recessions as they […]

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New tax shortcut for employees working from home
Coronavirus

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 wallet. Although some employers may provide a daily allowance to help with these additional costs, if you’re not […]

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Avoid cabin fever: look after your psychological health
Coronavirus

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, behave and relate to others. All of these areas are being affected by current global events and the need […]

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5 Tips to work productively remotely
Coronavirus

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 challenging to negotiate, however there are things you can do to ensure that you maintain productivity and […]

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JobKeeper Payment now officially passed by the Government
Coronavirus

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 employed by multiple businesses, you are only eligible to receive the payment from your nominated primary employer. Timing The JobKeeper […]

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Commercial tenancies rent relief package
Coronavirus

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 impose a set of ‘good faith leasing principles’ and intended for landlords and tenants to share a proportionate financial risk […]

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Temporary Relief for Financially Distressed Businesses
Coronavirus

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 suffer financial hardships. The Government announced the following initiatives to assist these businesses to make it through the crisis and […]

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Economic Stimulus Package – Boosting cash flow for employers
Coronavirus

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 coronavirus crisis. The Government is providing tax-Complimentary cash flow boosts between $20,000 and $100,000 to eligible businesses delivered through credits […]

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The information provided on and made available through this website does not constitute financial product advice. The information is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you obtain your own independent professional advice before making any decision in relation to your particular requirements or circumstances. Centaur Financial Services do not warrant the accuracy, completeness or currency of the information provided on and made available through this website. Past performance of any product discussed on this website is not indicative of future performance.

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