Itacc Consulting PTY LTD. | Businesses

Itacc Consulting PTY LTD.

Phone: +61 421 669 016

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25.01.2022 When was the last time you did a business appraisal? Is your business as profitable as it should be? Are there opportunities, even at this time, that you, as a business is missing out on? Can you use technology to improve your business processes, increase its reach and in turn its overall earning potential? What is your working capital requirement and how best can you manage it to increase investment in your business?... We have the answers to these questions. We go beyond just the Profit & Loss Statement and tax reduction strategies. Our focus is on growing your business.. Talk to us for your business assessment needs.

13.01.2022 Jobkeeper payments application process has started. To check your eligibility for this payment and other such government incentives to small businesses, talk to our experience staff or email us on [email protected]

04.01.2022 Today the Federal Government announced that it would extend the JobKeeper payment at a reduced amount for another six months from October 2020 to March 2021. The estimated cost of this extension is $16 billion. The extension will feature a two-tiered payment. JobKeeper payment extension key points... The JobKeeper payment rate From 28 September 2020 to 3 January 2021, the JobKeeper payment rates will be: $1,200 per fortnight for all eligible employees who, in the four weeks of pay periods before 1 March 2020, were working in the business or not-for-profit for 20 hours or more a week on average, and for eligible business participants who were actively engaged in the business for 20 hours or more per week on average in the month of February 2020; and $750 per fortnight for other eligible employees and business participants. From 4 January 2021 to 28 March 2021, the JobKeeper rates will be: $1,000 per fortnight for all eligible employees who, in the four weeks of pay periods before 1 March 2020, were working in the business or not-for-profit for 20 hours or more a week on average and for business participants who were actively engaged in the business for 20 hours or more per week on average in the month of February 2020; and $650 per fortnight for other eligible employees and business participants Eligibility Eligibility will continue to be based on the 30%, 50% or 15% (depending on business size and if a charity) reduction in turnover test. These tests will remain the same but will need to be re-applied at the end of September 2020 and again at the start of January 2021. Employers will need to demonstrate they have met the relevant turnover decline in both the June and September 2020 quarters to be eligible for JobKeeper in the December 2020 quarter. Employers will need to demonstrate they have met the relevant decline in each of the previous three quarters ending on 31 December 2020 to remain eligible in the March quarter in 2021.