Unsure about the Latest COVID-19 Support Packages and How they Apply to Your Business?

Support packages

As per our email late Monday, the Federal Government’s JobKeeper payment offers welcome relief for many businesses who have been significantly impacted by the COVID-19 pandemic. In addition, the Fair Work Commission has issued a Statement this week outlining its intention to temporarily update over 100 awards to provide Pandemic Leave and flexibility to take Annual Leave at half pay.

The NSW Government has also announced a grant of up to $10,000 to eligible small businesses today, which followed a similar announcement by the Victorian Government earlier this week.

We have been flooded with calls from clients this week who are working through all these latest measures and how they apply to their specific business and employee circumstances.

There are a number of stimulus measures that are yet to be clarified by the Government and they are updating their fact sheets daily with new guidelines for both businesses and individuals. What may have been suggested yesterday may have changed today.

The most important thing that a business owner can do is to obtain guidance on these matters from a trusted source that is up-to-date with the latest information.

We have included some easy links to government reference sources below.

In addition, our partners and specialist HR advisors will be running a free webinar on the JobKeeper payment next week to answer your questions. We will provide you with further information on this shortly.

In the meantime, if you believe you are eligible for this payment, all you need to do now is register your intention to apply for the JobKeeper payment on the ATO website by clicking here.

For all the latest JobKeeper payment specific information, please click here.

SUMMARY OF STIMULUS MEASURES:

Australian Government 

The Federal Government’s support for businesses now includes:

– JobKeeper Payment

– Boosting cash flow for employers

– Temporary relief for financially distressed businesses

– Increasing the instant asset write-off

– Backing business investment

– Supporting apprentices and trainees

For the latest details of ALL the Federal Government stimulus measures for businesses, please click here.

For a link to the Australian Government Fair Work Ombudsman Coronavirus page, click here.

NSW Government Support

The NSW State Government is also working hard to roll out additional support measures for businesses in NSW, which now include:

– $10,000 grants for eligible Small Businesses (announced today)

– Flexible Long Service Leave

– Deferral of payroll tax for businesses

– Increase of payroll tax tax-free threshold

– Deferral of gaming tax and lotteries tax

– Deferral of the parking space levy

– Faster supplier and contractor payments from government agencies

– Commercial rent deferral in government owned properties

To keep up to date with ALL the latest NSW Government Treasury Media Releases, please click here.

For trusted advice for other states, please click on the relevant state below:

ACT

Northern Territory

Queensland

South Australia

Tasmania

Victoria

Western Australia

We also welcome you to contact us any time so we can help you with all your business and employment questions.

Please contact your Allan Hall Business Advisor on 02 9981 2300, or for an employment specific enquiry, please contact our HR team directly at [email protected] or call 1300 675 393.

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Allan Hall named finalist in numerous firm-wide categories

Allan Hall Business Advisors continues to impress with individual, network and firm-wide awards and accolades, with our latest nomination as winner of the Client Choice Awards 2020, Women in Finance Awards 2019 and HR Manager of the Year 2019. For further details and a full list of our recent awards, click below.

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Allan Hall Business Advisors is an integral member of Alliott Group, a growing alliance of 170+ accounting and law firms in  across 70+ countries globally. As part of this alliance, we can connect with like-minded members of Alliott Group in other jurisdictions to support and advise our clients who are wishing to explore and develop business opportunities both locally and internationally.