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Apex Accounting & Advice

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24.01.2022 FREE ONLINE COURSES FOR SMALL BUSINESSES AFFECTED BY COVID-19 Tafe Qld are offering a range of webinars around financial resilience. WEBINAR 1... MANAGING CASH FLOW WEBINAR 2 BUSINESS PLANNING/STRATEGIES WEBINAR 3 PANEL MENTORING SESSIONS Do I qualify for this package? Participation is as per the intent of the Queensland Government’s Immediate Industry Recovery Package to provide support for small businesses economically impacted by COVID-19. To be eligible for workshops, a business must: self-identify to have been economically impacted by COVID-19; have fewer than 20 employees on 1 January 2020; have an Australian Business Number (ABN); and not have an owner or director who is an undischarged bankrupt or insolvent. Webinars are provided by Department of Employment, Small Business and Training, in partnership with TAFE Queensland. There is no cost to attend. For general information email [email protected] For full details and links to attend go here: https://go.tafeqld.edu.au/covid-19-home.html

18.01.2022 Queensland COVID-19 Jobs Support Loans Applications are now open for the Queensland Government’s $500 million COVID-19 Jobs Support Loan scheme. This scheme is for Queensland businesses and non-profit organisations financially affected by COVID-19 to retain employees and maintain their operations. View loan guidelines here before starting your application. http://www.qrida.qld.gov.au//Guidelines-COVID-19-Jobs-Supp Loan features... $500 million loan scheme Maximum loan up to $250,000 No repayments or interest charged for the first year Plus two years interest only 2.5% fixed interest rate 10-year term of loan Open until 25 September 2020 or until funding is fully committed. For full details go here: http://www.qrida.qld.gov.au//queensland-covid19-jobs-suppo

18.01.2022 COVID-19 STIMULUS INFORMATION If you want to register for JobSeeker updates: https://www.ato.gov.au/general/gen/JobKeeper-payment/ If you are a business or employer:... ato.gov.au/G/COVID-19/Support-for-businesses-and-employers/ If you are an individual or employee: https://www.ato.gov.au//Support-for-individuals-and-emplo/ See more

15.01.2022 The ATO released the details of the Alternative Decline in Turnover Test rules for the JobKeeper payment yesterday. These tests apply to businesses that are not eligible for the payment according to the original criteria. This could be for several reasons e.g. high growth businesses, newly formed entity with less than 12 months trading etc.... Link to the ATO page with details of circumstances where an alternative test applies is below. There is a link from this page to the actual legislation. If you have any questions, please contact us. https://www.ato.gov.au//In-de/Applying-the-turnover-test/

12.01.2022 JOB KEEPER PAYMENT The largest financial package in Australia's history has been passed in Parliament. Here is what you need to know:... Businesses affected by COVID-19 can receive $1500 per employee, per fortnight The business MUST pass the pamyent on to their staff The wage subsidy has been budgeted for up to 6 months ONLY Casual employees less than 12 months DO NOT qualify and will need to apply for the JOB SEEKER payment. You must have been employed with your employer as at March 1st 2020 (including those who were stood down and subsequently rehired) You must be an Australian citizen or permanent resident or hold a special category visa The $1500 per fortnight is a GROSS payment. It will be taxed. Payments will start to be distributed early next month and backdated to 31st March 2020 For further information go to https://treasury.gov.au/coronavirus/jobkeeper

09.01.2022 Goes without saying, but good to be reminded! Stay safe over Easter and stay home!

Apex Accounting & Advice | Businesses