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If you’re a small business owner living and working in New South Wales, you’ve probably heard about the state government’s two new crisis payments – the COVID-19 Business Grant and the JobSaver scheme. These payments may seem simple on the surface, but there are complex regulations about how you can obtain and spend them. In…
As you are aware, the NSW’s COVID-19 lockdown has been extended for another four weeks, prompting the state and federal governments to announce more financial lifelines for businesses and individuals. FOR INDIVIDUALS If an individual has had their work hours reduced because of the lockdown they will be in line to get additional payments. Those…
In response to the damage which businesses have suffered due to the effects of the Covid-19 pandemic, the government has introduced a suite of measures designed to provide an economic stimulus, promoting growth and recovery. One of these measures related to a temporary increase in the instant asset tax write-off value. Intended to enable businesses…
What the extension of JobKeeper payments means for you In June 2020, the Australian Government announced they will be extending the JobKeeper payment for eligible businesses and not-for-profits until the 28 March 2021. Originally, the payment was set to run until the 27 September 2020. Priority for this extended support will be given to not-for-profits…
With the Covid-19 pandemic having wreaked havoc on the national economy, the government has responded proactively, putting in place a series of economic stimulus measures. Initial measures concentrated on providing businesses with the short-term tax relief and income they needed to pay employees and essential overheads during the time when lockdown measures were most stringent.…
Virtually every industry in the country has taken a massive economic hit as a result of the Covid-19 pandemic. From businesses being unable to operate through to demand disappearing overnight, many organisations are facing a parlous future. Both property developers and property owners have been adversely affected by the pandemic: with construction slow or non-existent,…
If you are one of our small business clients, you may have recently received an email from us. This is because we think you may be eligible for a Small Business Grant. In order to help you deal with the COVID-19 pandemic, we want to let you know about this grant. If awarded to your…
As part of a stimulus package to deal with COVID-19, the ATO has introduced the JobKeeper payment scheme. If you are a business owner, then the team here at Pherrus can help you through this crisis and provide all the crucial accounting advice to help you survive and thrive. Already signed up for the JobKeeper…
The global pandemic is affecting businesses across the globe. As part of economic stimulus measures, governments and councils are providing a variety of funding options to try to help businesses pull through in these difficult times. If you have a business in the City of Sydney area and are in need of assistance, a grant…
With businesses suffering hardship due to the effects of the Covid-19 pandemic, the government has put in place a number of different measures to provide them with a financial helping hand until they can start trading at more usual levels. One of the financial stimulus measures which have been put in place is the cash…