| PAYG Cashflow Stimulus |
ATO
|
March BAS
01/03/2020
12/03/2020
|
28/04/2020 |
Min $20,000, max $100,000
Apprentice 50% wage subsidy
Depreciating Asset Write-off |
Employers established as at 12/3/2020. March, June and Sept qtr help Through lodgment of BAS/IAS
For wage paid from 1/1/2020 to 30/9/2020. Max subsidy for 9 mths – $21,000
Immediate deduction up to $150,000 to 30/6/2020 – new and second hand 50% deduction for NEW assets to 30/6/2021 – plus usual depreciation |
| JobKeeper Payment |
ATO |
30/03/2020 |
1st wk May |
$1,500/fn/eligible employee |
Turnover reduced by more than 30% over comparable period one year ago
Employee currently or was previously employed as at 1 March 2020
Employee is full time, part time or long term casual (>12 months)
Includes: self employed, trusts and partnerships with no employees
Companies and trusts not paying wages can nominate one director/beneficiary
Employers required to notify each employee they have been nominated
Register at: https://www.ato.gov.au/general/gen/JobKeeper-payment/ |
| Business Support Fund |
Vic Govt |
30/03/2020 |
01/06/2020 |
$10,000 grant |
Employ staff,; subject to closure or are highly impacted
Turnover >$75,000; payroll <$650,000; ABN at 16/3/20
Need to certify in writing meet the criteria; subject to audit 4 years
Provide copy of most recent BAS
https://businessvic.secure.force.com/PublicForm?id=bsf2020#no-back-button |
| Payroll Tax Refund |
Vic Govt |
|
|
Payroll tax refunds for 2019-20
Land Tax deferral for 2020 until after Dec 2020 |
SME’s with payroll < $3m
Plus, deferral of payroll tax for first 3 months of 2020/21
At least one residentail property. Total taxable landholdings < $1m.
SRO will make contact. |