Wage Subsidy Extended for Apprentices & Trainees, JobMaker Hiring Credit Scheme + More

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Supporting Apprentices and Trainees Wage Subsidy Extended The Supporting Apprentices and Trainees wage subsidy has been expanded and extended to include medium-sized businesses who had an eligible apprentice in place from 1 July 2020. Eligible employers will receive a wage subsidy of up to 50% of the…  Read more

Federal Budget 2020: What it means for you

The Federal Budget was released on Tuesday 6th October. This article has a good summary of the “Winners and Losers” of the Budget. You’ll also find a recap of the key points below. Key Points: This budget is based on economic assumptions including that there will be a COVID-19 vaccine rolled out by the end of 2021. Tax cuts for workers – more money in pockets for more Australians. JobMaker…  Read more

Sole Trader Support Fund & Wage Subsidy Extended for Apprentices & Trainees

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. $800m Digital Business Plan to Drive Economic Recovery The Australian Government has announced a Digital Business plan to enable businesses to take advantage of digital technologies to grow their businesses and create jobs in the wake of COVID-19. PM Scott Morrison and Treasurer Josh Frydenberg announced the…  Read more

Reminder : JobKeeper Changes Next Week! What You Need To Do…

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Reminder: JobKeeper Changes from 28 September The Australian Government announced that JobKeeper payments will be extended, with changes starting on 28 September 2020. Below is a rundown of the changes to expect on these support schemes. Changes to JobKeeper The JobKeeper scheme will continue until 28 March…  Read more

VIC Business Resilience Package and Reopening Plan

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Melbourne’s Roadmap to ‘COVID Normal’ A staged plan to ease Melbourne out of tight COVID-19 restrictions has been released. Stage 4 restrictions will remain in place for another two weeks with some minor changes, and will start to ease further from 28 September. The final step should…  Read more

Extensions to Government Backed Loans & Bankruptcy Protection Rules

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Australia To Extend Bankruptcy Protection Rules Until End of 2020 Australia will extend its temporary insolvency and bankruptcy protection rules until the end of this year, providing businesses a lifeline to recover from the impacts of COVID-19. The rules, which were first introduced in March and originally…  Read more

Farewell to Kim

Well it’s official and with absolute gratitude & admiration that we say farewell to the amazing Kim Trimby (aka Mum). Kim has been with Infinesse for 6 years, supporting hundreds of Infinesse clients and working with many of you to help manage the finances of your business. Kim has been pivotal in building & supporting Infinesse since 2014 to where we are today & we cannot thank her enough for…  Read more

VIC Restrictions Easing, Update on JobKeeper 2.0 + more…

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. COVID-19 Cases in Victoria Fall to Seven-Week Low Victoria, the epicentre of Australia’s second wave of COVID-19 infections, has reported a significant drop in the number of new cases, reaching a near two-month low. This is good news as the total lockdown in Melbourne is set to…  Read more

Help for NSW Border Businesses + more on JobKeeper

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Help for NSW Border Businesses Services NSW have released information on a grant for small businesses that are impacted by the closure of the NSW and Victorian border for those businesses based in NSW. The ‘Southern border small business support grant’ is designed to provide immediate, short-term…  Read more

JobKeeper, JobKeeper, JobKeeper! Oh, plus ATO Audits!

Welcome back to our Weekly Digest. We hope you and your family are doing well. Read on for this week’s update. JobKeeper Adjustments for Eligible Employees The ATO has released guidance on the changes to the timing of an eligible employee. From JobKeeper fortnights commencing 3rd August, the key date for eligible employees has changed to 1 July. In the past, an employee had to be on the books as…  Read more

Help for VIC Businesses, Prep for JobKeeper ending + more…

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Australia Borders Remain Shut Prime Minister Scott Morrison announced that international border closures were unlikely to lift before Christmas, as the country reported a record single-day surge in COVID-19 deaths on Monday. However, drastic lockdown measures in Melbourne appear to be working, as the rate of daily…  Read more

Covid Safe Plans, Pandemic Leave Disaster Payments & Tips to Adapt your Business

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Covid Safe Plans – Victorian Businesses Every employer must complete their COVID Safe plan by 11.59pm on 7 August 2020 Your COVID Safe Plan must set out: Your actions to help prevent the introduction of coronavirus (COVID-19) in your workplace The level of face-covering or personal protective equipment (PPE)…  Read more

Govt Backed Loans Scheme Extended, Beware of Covid-19 Scams and More

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. JobKeeper Changes Coming in September Last week the PM announced the JobKeeper wage subsidy scheme will be extended from September through to March next year, with some changes. Please be aware there are still plenty of “unknowns” surrounding the next steps, and these changes are yet to…  Read more

JobKeeper 2.0 & 3.0 – New Eligibility Tests

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. JobKeeper Changes Coming in September This week the PM announced the JobKeeper wage subsidy scheme will be extended from September through to March next year, with some changes. This comes as businesses continue to struggle and as an increase in infections has been reported in the southeast.…  Read more

JobKeeper – Changes coming in September!!

The government has announced changes to the JobKeeper scheme. The Treasury’s review found that the subsidy was still “needed” but required a “test to ensure that JobKeeper is well targeted”. Be prepared This means there will be changes to your current situation and your entitlements will be affected. The details of the changes are being announced now and we will ensure our clients are fully informed as to how this…  Read more

State Based Guide to Restrictions, Post Pandemic Business + more

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Tightening restrictions as COVID-19 cases top 10,000 Restrictions have tightened back up in some states in an attempt to contain a fresh outbreak of COVID-19 in the country’s southeast, which pushed the total number of cases in the country beyond 10,000. While Australia has avoided the high…  Read more

VIC-NSW Border Closure & Second Round of Cashflow Boosts

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Next phase of JobKeeper to come after September PM Scott Morrison confirmed today that there will be a “further phase” of JobKeeper payments following this September when the scheme is due to end. No more details have been announced yet, but we will keep you updated when…  Read more

State Grants & Stay at Home Orders for Hotspots

Welcome back to our Weekly Digest. Read on for this week’s update. State grants and support programs Each state and territory has announced various grants and assistance packages which you may be eligible for. You can find a roundup of these grants on the Government’s Business website. Alternatively, you can also contact us so we can discuss which options are most suitable for your business based on your eligibility and…  Read more

Cash Flow Boosts, Wage increases and more

Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Second Round of Cash Flow Boosts If you received initial cash flow boosts, you’ll automatically receive additional cash flow boosts when you lodge your activity statements for each monthly or quarterly period from June to September 2020. The amount will be equal to the total amount of…  Read more

Instant Asset Write-Off Extended

Good news! This week the government announced that the Instant Asset Write-off has been extended for six months, taking the initiative to 31 December 2020. Australian businesses with less than $500 million annual turnover will be able to take advantage of the write-off and invest in assets to support their business. This government initiative is designed to help the economy reopen and boost economic growth. The instant asset write-off applies…  Read more

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