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So far Hoffman Kelly has created 65 blog entries.

Further changes to JobKeeper

On 6 August 2020, Josh Frydenberg announced additional changes to the JobKeeper 2.0 program to 28 March 2021, easing some of the eligibility criteria for staff and amending some of the reduction in turnover requirements for businesses. The treasurer cited the stage 4 restrictions in Melbourne as the reason for these amendments. Under the [...]

Further changes to JobKeeper2020-09-16T12:02:35+10:00

The future of JobKeeper

On 21 July 2020, the Government announced an extension of the JobKeeper program to 28 March 2021 but with tighter access and reduced rates. From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility and prove an actual decline in turnover. If your business currently receives JobKeeper, your [...]

The future of JobKeeper2020-07-23T10:39:25+10:00

Instant Asset Write-Off Extended to 31 December 2020

On 9 June, the government announced that the $150,000 instant asset write-off would be extended from a planned finished date of 30 June 2020 until 31 December 2020. Under these rules, eligible taxpayers get a 100% tax deduction for asset purchases with a value of less than $150,000.  To be eligible you must: be [...]

Instant Asset Write-Off Extended to 31 December 20202020-06-09T15:00:41+10:00

HomeBuilder: What is it and how do you access it?

The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000 to eligible owner-occupiers, including first home buyers, to build a new home or substantially renovate their existing home. The [...]

HomeBuilder: What is it and how do you access it?2020-06-05T14:51:20+10:00

Enrolment For Jobkeeper Payments Now Open

The Next Steps You Need To Take  The JobKeeper Payment scheme is now open for enrolment. JobKeeper Payments are designed to assist with the continued employment of employees where a business experiences a drop in turnover of 30%, more information on eligible businesses and employees can be found here. The next steps for businesses [...]

Enrolment For Jobkeeper Payments Now Open2020-04-21T12:45:07+10:00

SME Eligibility for Job Keeper Payments (JKP)

Next steps to be taken if you believe you are an eligible employer: Contact your Hoffman Kelly advisor for full advice confirming your position and assistance with all required steps if you would like us to assist you with these claims. If you would prefer to undertake the enrolment/application process yourself, we suggest you [...]

SME Eligibility for Job Keeper Payments (JKP)2020-04-15T14:56:00+10:00

Commercial Rent Fee Relief

Commercial rent fee relief The parliament met yesterday and passed legislation which enables the Treasurer to make rules to implement the JobKeeper Scheme.  Unfortunately, the rules have not yet been published, and there are no new details to clarify certain parts of the scheme which are still uncertain so we will send an update [...]

Commercial Rent Fee Relief2020-04-09T15:29:57+10:00

COVID 19 Stimulus & Support Measures

Hang in there. We’ve designed this guide as a quick reference to the COVID-19 related tax and financial support that might be available to you. The Government has flagged that more support is coming and we will keep you updated of changes that are likely to impact on you. The stimulus and support packages [...]

COVID 19 Stimulus & Support Measures2020-04-02T15:18:20+10:00

Stimulus & Assistance Measures Update

Over the weekend, the government announced more measures to assist both businesses and individuals due to the disruption caused by COVID-19.  These measures are expected to be legislated this week.  For more detail, or to discuss exactly how they will apply to you, please contact your accountant at Hoffman Kelly.  We remain open for [...]

Stimulus & Assistance Measures Update2020-04-01T11:41:12+10:00

Queensland Government – Payroll Tax Relief For Business

The Queensland government yesterday announced a 2.5 billion stimulus measure to provide Queensland businesses some relief from payroll tax. The Office of State Revenue has already commenced sending emails to businesses offering the payroll tax relief which provide detailed instructions on the process to follow to obtain the benefits. The main details of the [...]

Queensland Government – Payroll Tax Relief For Business2020-04-01T11:44:29+10:00
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