Caulfield East, VIC – Top accounting and tax consultants in Australia, Hillyer Riches Tax Accountants Caulfield, has in light of the recent global COVID-19 pandemic that has caused the closure of businesses and led to several government decisions published a new article that has been structured to help Australian small businesses understand that COVID-19 Stimulus packages and government grants offered by the ATO.
The latest publication by Hillyer Riches Tax Accountants Caulfield is aimed at helping business owners understand the key government measures that have been put in place to help businesses and investors navigate the unprecedented and uncertain times that has been brought on as a result of the global pandemic.
In light of the shutdown of several businesses to slow the spread of the COVID-19 virus, the Australian government has put in place stimulus packages that are aimed at helping businesses and investors better augment their loses during this time.
In the publication that is now live on the Hillyer Riches Tax Accountants Caulfield website, the accounting and tax company for small businesses dived into the details of the latest move that has been enacted by the legislation to support economic response to the novel coronavirus (COVID-19) to help the Australian economy withstand and recover the economic impact suffered due to the pandemic.
The COVID-10 ATO updates for small business details the first tranche of the payment, $10 to $50k tax-free payment to be accessible to small business owners who make less than $50 million, held an ABN on 12 March 2020, carrying on business and earned assessable income in FY 2019 or made supplies in course or to further an enterprise starting 1 July 2018 and ending before 12 March 2020. The payment will also be based on 100% of PAYG amount in activity statement from January to June, 2020.
Small businesses in Australia may also be able to access the 50% subsidy apprentice wages, tax payment deferral, JobKeeper Payment, Accelerated depreciation, Government-backed loans – SME Guarantee Scheme, Instant asset write off $150k, and early access to super.
All of the information contained in the published article by the tax and accounting experts at Hillyer Riches Business Advisors in Caulfield are constantly being updated to ensure that new and existing clients stay up to date with valuable information that can help them steady the course of their business while also shielding them from the maximum impact brought on by the global pandemic.
Hillyer Riches Tax Accountants Caulfield is here to offer clients all of the needed information to help ensure that businesses stay open and remain afloat. The team of accounting and taxation professionals will do everything within their power to ensure that clients are provided access to all of the information that can help them to remain strategically positioned in these uncertain times.
Hillyer Riches Tax Accountants Caulfield is located at 12 Derby Rd Caulfield East VIC 3145 AU and can be reached by phone at (03) 9571 5333. For more information, send an email to email@example.com or visit the taxation and accounting company’s website.
Company Name: Hillyer Riches Tax Accountants Caulfield
Contact Person: Travis Allen
Email: Send Email
Phone: (03) 9571 5333
Address:12 Derby Rd
City: Caulfield East