Dryden Associates | Accountant

Dryden Associates

Phone: +61 7 5471 3377

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• Tax preparation service
• Accountant
• Business consultant

25.01.2022 **** Want To Extend Your JobKeeper Payments? **** Here are the Key 5 Things You Need To Know In Order To EXTEND Your JobKeeper Provisions... 1. JobKeeper enabling directions of Fair Work Act have been extended from 28 September 2020 to 28 March 2020...... 2. Employers must have qualified for JobKeeper and continue to have a decline in turnover of at least 10% in the previous quarter... 3. This will need to be confirmed via a statutory declaration or certificate from your accountant... 4. All of the enabling directions including reduced hours and changing duties will continue to apply... 5. ANNUAL LEAVE PROVISIONS WILL CEASE ON 28 SEPTEMBER 2020... ******If you would like a free no-obligation chat regarding your current situation, send us a message******

21.01.2022 Here are the 5 NEW rules for the Jobkeeper Extension (keep in mind they are yet to be enacted): 1/ Your business needs to actually have had a drop in turnover of 30% or more in the September quarter compared to the same quarter last year 2/ In the December quarter the subsidy drops from $1,500 to $1,200 a fortnight for full time staff and to $1,000 for employee that worked less than 20 hours a week.... 3/ To continue to receive the JobKeeper into the March quarter your business will need to have a decline in revenue of more than 30% in the December quarter compared to last year 4/ In the March quarter the subsidy drops from $1,200 to $1,000 a fortnight for full time staff and from $1,000 to $650 for employee that worked less than 20 hours a week. 5/ The eligible employee and business participant rules appear to be unchanged except employees will have to be employees at 1 July not 12 March For our existing Clients: In September we will assess your eligibility for the JobKeeper extension and be in contact then. ****** If you're NOT a client of ours, simply message us for a no-obligation chat about your current situation****** Further details can be found at https://treasury.gov.au/coronavirus/jobkeeper/extension. The ATO will issue their own rule regarding the alternate tests once again.

14.01.2022 ***** Are Creditors Hassling You For Money? ***** READ THIS welcomed news... Temporary relief measures for financially distressed businesses due to COVID have been extended from ... 30 September 2020 - 31 December 2021... HERE ARE THE KEY 5 POINTS: 1/ Extending the minimum debt a statutory demand can be issued by a creditor from $2k to $20k 2/ Extending the response time for a statutory demand from 21 days to 6 months 3/ Extending the minimum debt required for a creditor to initiates bankruptcy proceedings from $5K to $20 K 4/ Relief of directors being liable of insolvent trading 5/ ATO relaxed stance on issuing director penalty notices (attributing company tax to directors) and wind up proceedings NEED Professional HELP? CALL US for an obligation free quote to discuss your current situation. Want to find out more?. Go to: https://treasury.gov.au//Fact_sheet-Providing_temporary_re

09.01.2022 Have you recruited new employees recently?... They could be eligible for the new version of Jobkeeper... Here are the new rules:... You can now register new employees with a commencement date between 1 March and 1 July. Must be permanent/long term casual, Australian resident, over 16, paid $1,500 minimum a fortnight... If the employee has already registered for Jobkeeper with another employer, they will need to notify that employer to cease paying them the Jobkeeper subsidy... Contact our office ASAP so we can assist in assessing the employee's eligibility. NOTE: The new employees must meet the wage condition by 31 August to be eligible for the fortnights commencing 3 August and 17 August - Hurry. ***Do you have family or friends that own a business that could do with our help? Get them to email us directly at: [email protected] for a no-obligation chat about their current situation*** Further details about the new jobkeeper can be found at https://www.ato.gov.au//jobkeeper-payment/employers/your-/