Category Archives: Tax

Preventing a tsunami of insolvencies

Preventing a tsunami of insolvencies

The Government has stepped in to prevent a wave of insolvencies when the COVID-19 support measures run their course in December 2020.  Temporary insolvency and bankruptcy protections are in place until 31 December 2020 to enable businesses to trade through the pandemic. The measures provide:  A temporary increase in the threshold at which creditors can issue a statutory demand on a company (from […]

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Forecasting during a pandemic

Forecasting during a pandemic

Now, more than ever, business operators should have a plan in place to manage during uncertain times. Even if your business is not directly impacted, it’s likely your customers, your supply chain, and your workforce will be to some extent.  So, how do you plan for uncertainty when every assumption is subject to change?  Understand where you stand now  […]

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JobKeeper Alert

JobKeeper Alert

With the employee test date for JobKeeper moved to 1 July 2020, some additional employees might have become eligible for JobKeeper. The August JobKeeper monthly business declaration is due by 14 September and is different to the previous form as it covers three JobKeeper fortnights.  Employers need to ensure that they identify all additional employees who could be eligible for JobKeeper to ensure that they comply […]

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