Small businesses in financial distress – A new way
The Federal Government has announced a simpler and more flexible insolvency process for owners of “financially distressed but viable” small … Continued
COVID-19
Next JobKeeper phase – details are here. Action time! (again)
The existing JobKeeper program comes to an end on 27 September. The next phase of the program runs from 28 … Continued
JobKeeper Changes
Parliament passed a Bill this week to extend the end point of the JobKeeper program. The current program ends on … Continued
JobKeeper changes – you must do some things by this Friday!
The JobKeeper Rules were amended last Friday (which the Treasurer has the power to do). These changes affect only the existing … Continued
JobKeeper 2.1 revamped
The economic impact from the situation in Victoria has prompted the government to revise the second phase of the JobKeeper … Continued
2020 blues, Budget & beyond
The government today released its economic and fiscal update. Although it’s grim reading, we are faring better than most countries. Here’s a … Continued
JobKeeper 2.0 – Beyond the facts & figures: what you need to do
JobKeeper was necessarily designed and implemented in a very short time-frame, and so some waste had to be accepted in … Continued
Financial Reporting Developments
The AASB has been very active during the past two months, issuing a number of new requirements. Nexia Australia Technical … Continued
JobKeeper – Deadline to notify your employees: $4,200 penalty each if you miss it
The JobKeeper Rules were amended on 1 May, following an announcement by the Treasurer on 24 April. This reflects the sound … Continued
JobKeeper – Is your business a square peg trying to fit into a round hole?
A key requirement for a business to qualify for the JobKeeper payments is that it has suffered a 30%+ decline … Continued