Latest News

Latest News2017-11-29T12:31:49+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 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|

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 help, [...]

By |April 2nd, 2020|Categories: General News|

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 business [...]

By |April 1st, 2020|Categories: General News|

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 scheme [...]

By |April 1st, 2020|Categories: General News, Tax Saving|

$1,500 JobKeeper subsidy to keep staff employed

A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn). To be a part of the subsidy, employers will need to ensure that their employees receive at least $1,500 per fortnight (before tax). [...]

By |April 1st, 2020|Categories: General News|