COVID-19 – Updates and All The Information

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COVID-19

Here you can find all the information about the changes in business due to COVID-19 (corona virus).

Click the images to read the full post. This page will be updated each time new information is made available.

JobKeeper Payments

The JobKeeper Payment aims to support businesses to maintain their income and their connection with employees. The payment will be $1,500 per fortnight per employee for up to 6 months

PAYGW Credits

The Government has announced that there will be Pay As You Go Withholdings credits available to businesses with a minimum value of $10,000.

Emloyees

Advice For Employers

The outbreak of the Covid-19 virus is having a huge effect on employers. The Fair Work Ombudsman has provided guidance about workplace entitlements and obligations

Instant Asset Write Off

Due to the Corona Virus epidemic, the instant asset write off has been increased from $30,000 to $150,000 for businesses with a turnover of less than $500m. 

Apprentices & Trainees

The Government is supporting small businesses to retain their apprentices and trainees. Eligible employers can apply for a wage subsidy of up to 50% of the wages for the apprentice or trainee. 

Banks & Borrowing

Information about Unsecured Business Loans up to $250k, Deferred payments and Borrowing Capacity

ATO Supporting Business

The ATO have committed to helping businesses during this difficult time stating "Once you contact us, we'll tailor a support plan for your needs and circumstances."

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