The past 18 months has had an enormous impact on small business owners. Research by software leaders Xero have found that 68% of respondents reported the past 12 months as more emotionally draining than any other year they’ve been in business. Read more for resources and support available to small business owners.
To alleviate the ATO’s concern that gig economy workers are correctly meeting their tax obligations, the ATO will introduce a reporting regime that requires the Operator of the service (i.e Uber, Deliveroo, Airbnb, etc) to report information directly to the ATO.
Read more about the crackdown on the Gig economy and what this may mean here .
Our Hall Chadwick QLD video series continues with cash flow modelling. Cameron Field explains how cash flow modelling can be used as a great tool in business, to identify where cash flow may be constrained in future periods, and utilised for business growth.
Click through to watch our video and learn more.
Superannuation is a highly regulated area. If an employer doesn’t meet their superannuation obligations on time, they need to lodge a Superannuation Guarantee Charge (SGC) statement which attracts significant penalties. In welcome news for employers, draft legislation has been introduced that addresses how ATO officers may exercise their discretion to remit SGC penalties. Read more here.
The Queensland Government has recently announced the eligibility criteria and details on how to apply for the $5,000 2021 COVID-19 Business Support Grant. Applications for the 2021 COVID-19 Business Support Grants open at 12pm (midday), 16 August 2021 and will close after three months on 16 November 2021. Read more about how to apply here.
This is the second year CreditorWatch has published its Economic Road Ahead Insights report – an opportunity to reflect on the financial year that was and form a view on Australia‘s economic future and the factors that are likely to drive it. Contributor Ginette Muller, Partner of Hall Chadwick talks to the outlook from a perspective of insolvencies. Read more here.
Businesses who have been listed as a COVID-19 exposure site requiring a professional clean in accordance to the Queensland COVID-19 guidelines, may be eligible for a rebate of up to 80% of costs, capped at $10,000.
Read on for more information on eligibility and how to claim.
If your Tourism or Hospitality business was impacted by the recent COVID-19 lockdowns in Queensland, you may be eligible for rebate, fee and payroll tax relief under a $47.75 million support package. Read more here.
The Federal Government COVID-19 Disaster Support Payment which is currently in operation for NSW, Victoria and South Australia will be extended to Queensland as a result of the recent lockdown. Payment amounts vary depending on the amount of lost work hours, falling within 2 categories.
Read more for current eligibility and information here.
Yesterday, the Queensland Government has announced the 2021 COVID-19 Business Support Grant.
The grant will be accessible to small and medium business across Queensland who have been affected by the recent lockdown that commenced from 4pm on the 31st of July 2021.
Businesses may be eligible to receive a grant of $5,000 (excluding GST). Read more about eligibility here.
