News

Archive for the "COVID-19" Category

  • JobKeeper 2.0 – Update 16 September 2020

    Posted on September 16th, 2020 by WLF

    The government has announced changes to the JobKeeper payment that will extend the scheme until 28 March 2021.
    These changes are summarised for you below along with some other important information.
     
    Extensions
    The extension to the scheme will be in two tranches:

    October to December 2020
    January to March 2021

    What will change

    Turnover tests
    The amount of the payment
    Payments to part-time workers
     Employees employed on or before 1 July 2020 will now be eligible

    What won’t change

    Other employee eligibility criteria
    Notification requirements
    Business participant el…

    Posted in COVID-19, News
  • Moving forward from COVID-19: Business recovery, opportunities and readiness

    Posted on August 26th, 2020 by Alison Merridew

    2020 has been a year of significant change, to the point of upheaval – far more than any organisation would willingly impose on its people and its operations.
    When Premier Peter Gutwein recently announced that Tasmania’s borders will remain closed until 1 December 2020, there was a mixed response. Some people welcomed the news that our COVIDSafe ‘bubble’, which has allowed us to resume a degree of normality and business operations, will remain in place for a little longer. For others the continued border closures mean further delays, particularly those businesses t…

    Posted in Blog, COVID-19
  • Chart our own course

    Posted on August 6th, 2020 by WLF

    Run our own race and become a world leader with an island strategy
    Tasmania’s tough border stance in response to the COVID pandemic recently lead to the Queensland Deputy Premier Steven Miles questioning, “Why anyone would want to go to Tassie?”
    However, the perception of Tasmania depends largely on who is doing the perceiving.  It is fair to say that historically there has been at times a lack of optimism, almost negativity, regarding the future of our island State.
    ‘Backward’, ‘depressed’, ‘losing’, and ‘parochial,’ were often heard perceptions, often reinforced …

    Posted in COVID-19, News
  • Tasmanian State Government announces a new round of grant funding for businesses affected by COVID-19

    Posted on July 30th, 2020 by WLF

    The Tasmanian government has announced a further grant funding round for businesses that continue to be impacted by COVID-19. The COVID-19 Small Business Sustainability and Recovery Grant will open for applications on 3 August and close on 24 August.The grants are $5000 and there is a total of $15 Million available, meaning a maximum of 3000 grants will be issued. This round of funding will require applicants to meet eligibility criteria and assessment criteria.
     
    Eligibility criteria:

    Have employed fewer than 20 FTE staff at 29 February 2020, with payroll less than $1….

    Posted in COVID-19, News
  • Amendments to AGM and reporting deadlines, 2020

    Posted on June 17th, 2020 by WLF

    While we are continuing to see the COVID-19 regulations and restrictions ease, there are still very firm requirements for holding large gatherings of people. This has implications for public companies and Incorporated Associations who are due to hold their Annual General Meetings (AGM).
    The following information should assist your organisation when planning for the upcoming AGM. 
     
    IMPLICATIONS FOR PUBLIC COMPANIES
    Virtual Meetings
    A determination has been issued by the Treasurer, Josh Frydenberg, amending the Corporations Act for six months from 6 May 2020. The dete…

    Posted in COVID-19, News
  • Support Local – Compete Global

    Posted on May 27th, 2020 by WLF

    The impact of the Coronavirus crisis on the Tasmanian economy will be felt for a long time to come. However, we can all contribute to the recovery starting from today by “Supporting local first”, according to the Tasmanian Small Business Council in an information paper which recommended three key areas for action, namely;

    Community awareness, and promotion of the economic benefits of buying locally made or supplied goods and services
    A policy focus on local acquisition adopted by State and Local Government
    Encouragement for Local Entrepreneurs to actively pursue oppor…

    Posted in COVID-19, News
  • Update – Monthly reporting for JobKeeper

    Posted on May 22nd, 2020 by WLF

    Under the requirements for JobKeeper, you must lodge a monthly declaration confirming employee eligibility and advise the ATO of your actual turnover for the current month and projected turnover for the next month. The deadline for this declaration has just been extended by the ATO from 7 days after month-end to 14 days after month-end. This applies for all declarations from May onwards – they will now be due on the 14th of the month following.You can find more information about the JobKeeper scheme and other COVID-19 related measures here.

    Posted in COVID-19, News
  • REMINDER – JobKeeper notification requirements

    Posted on May 14th, 2020 by WLF

    If you have enrolled in the JobKeeper scheme for your employees, you may not be aware of an additional hoop you have to jump through in order to satisfy your reporting obligations. Employers are required to give written notice to employees within 7 days of submitting their monthly JobKeeper report to the ATO. This is the report that specifies your eligible JobKeeper employees and monthly turnover amounts. You must lodge this report with the ATO in order to obtain the JobKeeper reimbursement. After submitting your monthly JobKeeper report in relation to April (the first 2…

    Posted in COVID-19, News
  • JobKeeper Payment – Recent Changes & Key Dates – 13 May 2020

    Posted on May 4th, 2020 by WLF

    JobKeeper Update: 3 June 2020
    The Australian Taxation Office has extended the deadline for businesses enrolling for JobKeeper payments for the first time, effective from June.  Businesses can now enrol and identify their eligible employees by the end of the month they are claiming.  For example, a business enrolling for JobKeeper for the first time in June now has until the end of June, rather than having to enrol within the relevant JobKeeper fortnight.
    However the business must still pay their employees the stipulated $1500 for each fortnight being claimed. There is n…

    Posted in COVID-19, News
  • JobKeeper Payment wage subsidy – Update 16 April Application to charities and not-for-profit organisations

    Posted on April 16th, 2020 by WLF

    Over recent weeks we have been keeping you up to date with our commentary around the various stimulus and support measures for Tasmanian businesses impacted by the COVID-19 pandemic. We have previously posted articles about the new JobKeeper Payment wage subsidy. This post is a further update with important information that has just been released about this support package and its application for the charity and not-for-profit sector. 
    If you manage or work for a business in the commercial sector please refer to this article, also posted today, that applies to the broader…

    Posted in COVID-19, News
Liability limited by a scheme approved under Professional Standards Legislation.