COVID-19 Support Measures

  • JobKeeper Extension Kicks in with Reduced Payments, New Eligibility Tests

    28 September 2020

    Eligibility for the JobKeeper Extension is now based on actual turnover in the relevant periods, and the payment has been stepped down from the initial $1,500 per fortnight and paid at two rates.

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  • JobKeeper Extension Reduces Payments, Updates Eligibility Criteria

    24 July 2020

    With new testing requirements and reduced cash payments, JobKeeper Extension, as it has been dubbed, includes the following updates:

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  • Three-Way Forecasting Can Help Reset Your Business Vision

    29 June 2020

    Understanding how your business performs goes a long way to having a successful business model, and it shouldn’t be a guessing game. Businesses must assess all the data available to know where the financials stand and how the business will perform under various scenarios.

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  • A Guide for 30 June Tax Preparation

    23 June 2020

    This is an outline to help guide you in the right direction. For information and requirements to suit your personal situation, please contact Hood Sweeney Accounting & Business Advisory+ on 1300 764 200, or send an email and we will be in touch.

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  • Cash Flow Revisions Essential for Businesses Post Covid-19

    25 May 2020

    Covid-19 and the restrictions that the global pandemic has forced onto businesses since March, including shutdowns, reduced workforces and adjusting product offerings, have disrupted cash flow, and forced many business owners to reassess what their future finances will allow them to do. Many will need to revise their cash flow predictions and budgets accordingly.

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  • Recovery Program Offers Businesses Post Covid-19 Support

    14 May 2020

    The new normal, as it’s coined, means businesses must reassess their practices and preparedness in order to survive and recover from the financial and emotional impacts of the global pandemic. But recovery and regrowth will require work far beyond the initial steps of updating cash flow and profit and loss forecasts and budgets.

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  • Take the First Steps to Avert Cyber Threats While Working from Home

    6 May 2020

    Cyber security is now more important than ever, with thousands of businesses setting up staff to work from home during Covid-19.

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  • ATO Extends JobKeeper Enrolment Period

    28 April 2020

    The Australian Tax Office (ATO) has extended by one month the time to enrol for the initial JobKeeper period from 30 April 2020 until 31 May 2020.

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  • Work from Home Expenses You Can Claim

    21 April 2020

    The Australian Tax Office (ATO) has updated information around work-from-home expenses, anticipating a larger-than-usual number of claims as thousands of people have had to set up home offices to keep working through the global health crisis. To claim a deduction for working from home, all of the following must apply:

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  • JobKeeper Payment Rules Outlined

    17 April 2020

    From next week, accountants will be able to enrol clients for the Government’s new wage subsidy payments, the first step towards ensuring that Covid-19-affected businesses can continue to pay their employees.The Australian Government this month passed the legislation for JobKeeper, a program to provide a $1,500 per fortnight wage subsidy for eligible employers to help keep Australians in work.

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