To ease financial hardship faced by tenants and landlords as a result of coronavirus (COVID-19), the Victorian Government introduced the Commercial Tenancy Relief Scheme (the Scheme).
While the changes in restrictions haven’t allowed us to return to the office just yet, we wanted to reach out to all of you who can return to your jobs or reopen your businesses and wish you the best and let you know that we are there supporting you.
On Tuesday 6 October 2020 Treasurer, Josh Frydenberg , handed down the first Covid-19 budget Federal Budget, his second budget.
For many years the budget has been handed down in May which has allowed time for the Government to introduce legislation that commenced on the 1 July of that year.
The temporary shortcut method for calculating home office expenses has now been extended to 31 December 2020, after it was due to expire at the end of September.
Sleeping in a walk-in wardrobe might not be everyone’s idea of the Hollywood dream but for Rhys Mitchell, a bit of deprivation on the road to success is par for the course.
The loss of John Nixon, who died on 18 August 2020 aged 70, has robbed the country of an artist of international reputation.
On 21 July 2020 the Government announced that the JobKeeper Payment (‘JKP’) would be extended until 28 March 2021 (i.e., for a further six months beyond its original end date of 27 September 2020).
Along with the rest of the world, those in the art market aren’t going to forget 2020 in a hurry. In July, the Australian and New Zealand Art Sales Digest reported that art auction sales were the slowest in 22 years with $25 million of sales.
As a result of the pandemic and in response to industry concerns about a downturn in the arts, especially in the performing arts sector, the Federal Government announced a $250m arts rescue package and announced it with great fanfare.
'Miss You Antarctica', Moira Finucane and staff zooming our monthly Tax Update.
n 8 April 2020, the Senate resolved to establish a Select Committee on COVID-19 to inquire into the Australian Government’s response to the COVID-19 pandemic. The committee is to present its final report on or before 30 June 2022.
The Victorian Government is investing $3 billion to help businesses impacted by ongoing restrictions and prepare for COVID Normal business.
We continue to write to you to let you know that in accordance with the Victorian Government Roadmap to reopening ,our office will remain closed until the 26th of October.
As part of our regular series of updates, we have enclosed a number of links to assist our business clients with some policy changes of which you should all be made aware.
On 21 July 2020,the Government announced that the JobKeeper Payment (‘JKP’) would be extended until 28 March 2021(i.e., for a further six months beyond its original end date of 27 September 2020). As a result, JKPs would now be made over two separate extension periods.
Permitted Work - Victoria. Although not strictly an area that we can advise on, we thought we would share these 2 links with you as a service to all of us in Victoria.
To our friends around Australia, our thoughts are with you at this time. We express our sympathies and condolences to those that have lost loved ones during this time.
The Government has announced that JobKeeper payments will continue for 6 months beyond the legislated finish date of 27 September 2020, subject to revamped eligibility rules. There will be 2 tiers of payment rates as part of "JobKeeper 2.0"
There are some changes to superannuation to note from the 1st July 2020; removal of work test to age 67, temporary reduction in super pension minimum drawdowns, early release of super, Super Guarantee Amnesty for Employers.
The State Government has announced a further $534 million Business Support Package to provide more support to help businesses and workers through to the other side of the coronavirus (COVID-19) pandemic.
Despite this, we want to write to you and reassure you that the Melbourne office will still be functioning with only minor disruptions.
As we are this year faced with the advent of the impact of the Corona virus, many businesses – particularly SMEs – are focussed on surviving, knowing they'll have tax losses (In fact, tax loss utilisation will be an enduring topic of interest because of COVID-19).