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Latest News2017-11-29T12:31:49+10:00

Budget Update October 2020

The 2020 budget was delivered on Tuesday.  The scope of the budget was huge, and so were the dollar amounts involved.  We have put together this guide to assist our clients with what we believe are the most relevant measures (however there are many other measures not included due to the sheer number involved). Click [...]

By |October 9th, 2020|Categories: Building & Construction, General News, Property|

JobKeeper 2.0 Guide

The first round of JobKeeper ends on 27 September, and JobKeeper 2.0 commences on 28 September.   The second round has different eligibility requirements for employers, different eligible employees , and different rates of payments than the original scheme. If you are an employer who wishes to continue receiving JobKeeper payments you need to: Assess [...]

By |September 25th, 2020|Categories: Building & Construction, General News, Property|

Breakeven Point

The implications of COVID-19 for businesses are severe, far reaching and currently still ongoing. Many business owners have been forced into the unenviable position of deciding between staying open and potentially making a loss, or closing the doors and reducing turnover to nil, with knock-on effects such as losing staff or breaking leases. How does [...]

By |September 10th, 2020|Categories: Building & Construction, General News, Property|

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 previous [...]

By |August 17th, 2020|Categories: Building & Construction, General News, Property|

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 arrangements [...]

By |July 22nd, 2020|Categories: Building & Construction, General News, Property|

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 grants [...]

By |June 5th, 2020|Categories: General News, Superanuation|

Superannuation Guarantee Amnesty Window Open – Act Fast!!

On 6 March 2020, the government passed the Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 as law. This bill provided a one-off amnesty to encourage employers to correct their Superannuation Guarantee obligations dating from 1 July 1992 to 31 March 2018. The amnesty period will now run from 24 May 2018 to 7 September [...]

By |April 28th, 2020|Categories: General News, Superanuation|

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 that [...]

By |April 21st, 2020|Categories: General News|

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 follow [...]

By |April 15th, 2020|Categories: General News|

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 about [...]

By |April 9th, 2020|Categories: General News|
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