The country is currently experiencing an ongoing crisis brought by the coronavirus, and this had greatly affected the country’s economy. The Australian Government thus released its COVID-19 Stimulus Package that aims to help not just individuals but also businesses and other entities during this difficult time.
There were several changes on stimulus package ever since it was first released. As days passed and the coronavirus continues to spread, the government released new incentives to further support the Australians.
On Job Keeper Payment, the deadline for registration is extended until 31 May 2020. We suggest that you talk to your accountant about taking advantage of the scheme, especially if you are unsure whether your business qualifies or not. For our businesses on Xero, the Payroll STP section takes you step by step through the JK application process. Read more info here.
With the recent announcement regarding six-month moratorium on eviction, the State Governments released their Land Tax Relief , to assist both the renters and the landlords. Read more info here.
Ban Tacs regularly updates their blog on COVID-19 Financial Survival Guide. (Note: IN8 Business Advisory is a member of Ban Tacs National Accountants Group). Be updated with the government’s economic stimulus package Read here:
