Tag: business support covid

With the advent of the internet and cloud-based solutions, many in the financial services and accounting industries suggest that the distance between them and the client is irrelevant. While this is true to some degree, you may ask yourself, what are the benefits of working with a tax accountant near me? Benefits of Working With…

There’s plenty of reason to be optimistic about 2021 - especially since the business outlook is better than you might think.

If your business hired employees after 6 October, 2020 then you may be eligible for the JobMaker Hiring Credits payment. This could be worth up to $10,400 per eligible employee. Key details and eligibility criteria are: 1.       New employee aged 16-35 at time of hiring; 2.       New employee works at least 20 hours per week; 3.       New employee to…

For your business to come out the other side of COVID 19 restrictions and more importantly the recession, it is crucial that you buy yourself as much time or “runway” as possible. How do you as a business owner extend the time your business has to survive and ultimately “take off” and thrive? Here are…

During COVID 19 the government stimulus options on offer have been constantly changing and JobKeeper is no different. The second stage of JobKeeper is going to begin on Monday, 28 September 2020, and for an eligible business with 5 employees that work full time, this could mean an additional $42,000 of funding. Here’s how it…

Due to COVID-19 your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a deduction for at tax time. While there is a temporary shortcut method that the ATO has introduced, of 80c per hour of working from home time, we recommend you track all…

The Victorian Government announced updated restrictions for Melbourne and regional Victoria to help slow the spread of coronavirus (COVID-19) in Victoria. Stage 4 restrictions are in place from 6pm on Sunday 2 August for metropolitan Melbourne. Stage 3 restrictions are in place from 11:59pm on Wednesday 5 August for Regional Victoria, including Mitchell Shire. These…

As part of the Coronavirus stimulus measures announced in March, the Australian government introduced a new instant asset write threshold of $150,000 increased from $30,000. This instant asset threshold applies to asset purchased from 12 March 2020 to 30 June 2020.  While the announcement was welcomed by most Australian business owners, purchasing new assets may…

This is one of the most common questions being asked right now. Bills are coming in, you have lost your job or have been put onto Job Keeper, so how are you supposed to get through this crisis period? Figures from the Australian Tax Office (ATO) suggest that almost 500,000 Australians dipped into their Superannuation…

Confused about the JobKeeper, or other Government Stimulus options for your Business? Join Sharp Accounting’s Ewen Fletcher and Glenn Sharp for a FREE Zoom event on 15 April – and cut through the confusion. Questions can be emailed before the event to admin@sharpaccounting.com.au or posted on the day. When: 15 April at 4:00pm Event Link:…

No one would have guessed that we would be where we are today: people in isolation, businesses shutting down completely at the directive of our governments, social distancing from everyone except our closest loved ones. Our governments’ top officials are on our media daily enacting measures to keep our people and economy afloat, and it…

The Australian federal and state governments are offering aid to businesses in a variety of ways with new measures being announced weekly, sometimes even daily. It is their top priority to balance both our health crisis happening as a result of the COVID-19 pandemic as well as the economic crisis happening as a result of…