As we near the end of what we can only describe as a very challenging week, here is the latest news of the new JobKeeper package announced on 30 March 2020 by the Federal Government. Despite the announcement made on 30 March, the changes and updates keep happening. With every call to our clients this
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Breaking news from announcements made by the Prime Minister, Scott Morrison this afternoon regarding the new Jobkeeper payments. This has been expected for a few days now, however the $160 Billion package is to keep employees in a job during this crisis. Today’s announcement means there has been over $320 billion in fiscal and monetary
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As expected, further business stimulus packages have been announced. The Federal Government has realised that the initial package offered was not sufficient to target all the various types of Small Businesses in Australia. In particular, Sole Traders were inadvertently ignored – but this has now been addressed. This morning, the Prime Minister Scot Morrison announced
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The end of Summer is nearly here and very soon we are all going to be raking up leaves around our properties. Obviously that will take time out of our already busy schedules and it’s just one more thing that we have to do. I don’t know about you, but I would rather not do
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Welcome back to work. I hope that 2020 has started off well for you and your business. Just before we went on our Christmas break, I wrote an article on planning for 2020 and having a clear vision of where you want to take your business. If you have not read this, I suggest you
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From 1 January 2020, salary sacrificed superannuation contributions cannot be used to reduce an employer’s Superannuation Guarantee obligations, regardless of the amount your employee elects to salary sacrifice. Therefore, salary sacrificed amounts do not count towards your Superannuation Guarantee obligations. This change means that the employee’s 9.5% Superannuation Guarantee is now calculated as – The
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From 1 April 2020, Company Directors can now be personally liable for unpaid GST. This new law does not apply to GST liabilities that have accrued prior to 1 April 2020 and follows the Director Penalty Notice Regime that applies to PAYG Withholding and Unpaid Superannuation. Directors automatically become personally liable for outstanding obligations for
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We can announce that the long-awaited Superannuation Guarantee (“SG”) Amnesty bill has now passed both houses of Parliament, and is now waiting Royal Assent to become law. The SG Amnesty was a government introduced initiative to provide employers a one-off opportunity to self-correct past non-compliance with SG payments for employees. It was initially aimed to
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2019 is rapidly drawing to a close and we should start thinking about our plans for 2020. Have you achieved your goals for this year? Did you start the year with a list of things that you said you would get done? We all do this year after year. I know I did. Before Christmas
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Do you feel as though you’re in a rut? Do you feel like you’re not engaging or entertaining? This can be quite normal for a business owner who is always feeling like nothing is being achieved. When you are ready to start steering into the right direction, and you don’t want to settle for a
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1300 MKS XERO
enquiries@mksgroup.com.au
