Archive for the "COVID-19" Category
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JobKeeper 2.0
Posted on August 7th, 2020 by WLFThe 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
January to MarchWhat 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 eligibility… -
Chart our own course
Posted on August 6th, 2020 by WLFRun 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 … -
Tasmanian State Government announces a new round of grant funding for businesses affected by COVID-19
Posted on July 30th, 2020 by WLFThe 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….
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Amendments to AGM and reporting deadlines, 2020
Posted on June 17th, 2020 by WLFWhile 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… -
Support Local – Compete Global
Posted on May 27th, 2020 by WLFThe 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… -
Update – Monthly reporting for JobKeeper
Posted on May 22nd, 2020 by WLFUnder 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.
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REMINDER – JobKeeper notification requirements
Posted on May 14th, 2020 by WLFIf 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…
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JobKeeper Payment – Recent Changes & Key Dates – 13 May 2020
Posted on May 4th, 2020 by WLFJobKeeper 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… -
JobKeeper Payment wage subsidy – Update 16 April Application to charities and not-for-profit organisations
Posted on April 16th, 2020 by WLFOver 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… -
JobKeeper Payment wage subsidy – Update 16 April
Posted on April 16th, 2020 by WLFOver 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. Today’s post is a further update with important information that has just been released about this support package.
If you manage or work for a charity or not-for-profit entity, the JobKeeper Payment wage subsidy is still applicable but the criteria is slightly different. Please refer to this separate article,…