The latest issue of planning for growth with Maria & Anthony is now out.
JobKeeper Enrolment
- JobKeeper Scheme applies from 30 March to 30 September
- Enrolment forms are now online
- Employers need a myGovID, which is different from a myGov account
- Must be an eligible employer or sole trader with an ABN
- Nominate that a 30% decline in revenue or will have a decrease in future revenue
- It’s the group revenue, not the individual entity which is a change
- It’s a wage subsidy
- The information you supply needs to be accurate
- Select the employees and the months of the impact or expected impact
- If you are on Single Touch Payroll, will assist with the reporting
- March might not see a decline in revenue; however, April could be the month that sees the decline in revenue
- Devil in the detail, some nuisances in the enrolment process
- Penalties apply for making a false or misleading statement
Residential Tenancy Laws
- Encourage tenants and landlords to communicate
- Biased towards tenants
- Measurement is tenant income is impacted by 25% or more.
- This is a deferral, not rental abatement
- Existing matters will not be processed for the next 60 days from NCAT tribunal
- Not taking on any new cases for the next 60 days to NCAT tribunal
- The landlord cannot take action for three months
- Can apply for a land-tax wavier (must be passed on dollar for dollar)
- Landlords can ask the tenant to validate the income reduction
- This is a six-month provision
- Reach out to your managing agent
NSW Government State Grants
- Open from 17 April, closes 27 April
- Needs a minimum turnover of $75K
- Requires a 75% decline in revenue
- Information needs to provided by your accountant
- Most recent BAS statement, plus first two weeks of April, to assess the 75% drop in revenue
- $10K would help with cash flow management,
- Make sure you apply
We know that the JobKeeper process is quite daunting, and we would love to help make it easier for you. We are offering the following service:
Click here for Mazzcorp to manage the process for you.
תגובות