NSW Government – Accommodation Support Grant
The NSW Government is offering accommodation providers whom have experienced cancellations during the June – July Public School holidays (25th June – 11th July 2021) an Accommodation Support Grant. If your business was impacted, you may be eligible for one of 2 grant amounts: $2,000 for cancellations of 10 nights or less $5,000 for cancellations of 11 nights or more. If you have more than one accommodation property in NSW, you’ll be able to apply for each property. To be eligible for the grant you must: Be an eligible business as defined by ANZSIC codes in the guidelines Have accommodation …
Varying your PAYG instalments due to COVID-19
The below has been taken from the Australian Taxation Office website https://www.ato.gov.au/General/PAYG-instalments/In-detail/Varying-your-PAYG-instalments-due-to-COVID-19/ If you continue to be affected by COVID 19 and choose to vary your PAYG instalments the ATO will not apply penalties or charge interest if the varied PAYG instalment rate relates to the 2021 – 2022 income year. What are PAYG Instalments PAYG instalments is a system that helps you manage your expected tax liability on income from your business or investments for the current income year by making regular payments. You can vary your instalments if you think using the current amount or rate will result …
Update – JobSaver, Disaster Payments & Micro Business grants
The NSW and federal government have announced plans to phase out support payments and vaccination rates as NSW reach the 70% & 80% targets. JobSaver Grant – 70% Vaccination rate Payments will reduce from 40% to 30% of weekly payroll Minimum weekly payment will be $1,125 Maximum weekly payment will be $75,000, and Weekly non-employing business payment amount will reduce to $750 JobSaver Grant – 80% Vaccination rate Payments will reduce from 30% to 15% of weekly payroll Minimum weekly payment will be $562.50 Maximum weekly payment will be $37,500, and Weekly non-employing business payment amount will reduce to $375. …
Director ID’s are now required
Director ID’s are now required for Directors of Australian Companies. If you were a Director on or before 31st October 2021 you will have until the 30th of November 2022 to apply. Director’s who have been appointed between 1st November 2021 & 4th April 2022 will have 28 days from appointment to apply. From the 5th of April 2022 you will need to apply for the Director ID prior to your appointment. Please click here to read more about Director ID. How to Apply Step 1 – Set up myGovID You will need a standard or strong identity strength myGovID …
Can you be sued by your clients or employees if you do not follow the COVID 19 Safety plan and Government Mandates
As NSW moves in to reopening, it is important to keep in mind, that you could be found negligent if you do not follow the proper procedures for your industry regarding Vaccinations & QR Code check in. Below is an excerpt from the NSW Government stating the requirements of masks, QR Codes and proof of vaccination required for staff & customers. Click here to read through the Roadmap for easing of restrictions as provided by the NSW Government. It is important to be informed about the requirements for your business regarding vaccinations. If your business is open only to people …
ATO – Additional COVID 19 support
The Australian Taxation Office is offering additional support to help businesses during this difficult time. Lodgement & Payment Super Payments By law The Australian taxation Office is unable to vary or change the contribution due date or waive the super guarantee charge. If you lodge your Superannuation guarantee charge statement to The Australian Taxation Office within one month of the quarterly due date, you can avoid penalties. If you cannot pay the full amount there are payment options available to you including setting up a payment plan. For further information please see the following links: Super for employers – Employers affected by …
What Home Office Expenses Can You claim in 2020-2021 Financial Year?
If you performed some of your work from your home office during the 2021 financial year, you may be able to claim a deduction for the costs you incur in running your home office, even if the room is not set aside solely for work-related purposes COVID-19 IMPACT – CONTINUING ARRANGEMENTS The Australian Taxation Office (ATO) has announced special arrangements to continue this year due to COVID-19 to make it easier for people to claim deductions for working from home. These arrangements will allow people to claim a rate of 80 cents per hour for all their running expenses, …
Super choice rules will change from the 1st of November 2021
From the 1st of November 2021 if you have a new employee who does not choose a super fund you may need to request their ‘stapled super fund’ details from The Australian Taxation Office. What you need to Know You may need to submit a request for ‘stapled super fund’ details if the following apply: The new employee starts on or after 1st November 2021 Super Guarantee payments need to be made for that employee The employee is eligible to choose a super fund but does not. You may need to request stapled super fund details from some employees even …
Test & Isolate payment available to all NSW Residents
A one off support payment is available to eligible workers who reside anywhere is NSW when they are required to take a COVID 19 test and isolate immediately. To be found eligible for the $320 one off payment you must: Be 17yrs old or older; Taken a COVID 19 test (nose & throat swabs known as PCR tests). As of 9th of September 2021 all residents of NSW are able to access the grant if they meet eligibility criteria; Have needed to self isolate after your COVID 19 test, or be the carer or guardian for someone who needed to …
JobSaver Eligibility Changes
As per an announcement that was released LAST Friday (10/9/21), the NSW government has introduced a requirement to fortnightly reconfirm your eligibility for the JobSaver payment. These changes are unexpected and may impact your ability to receive future JobSaver payments. This requirement will commence for the fortnight 30/8/21 – 11/9/21 and will include the following: Confirming that your business has maintained the employee headcount as per your initial application That your business has continued to experience a 30% decline in turnover. Your turnover from 30/08/2021 – 11/09/2021 will need to be provided and this will be checked against the turnover …