JobKeeper Extension

The Federal Government has extended the JobKeeper support scheme for a further six-month period, which will extend payments through until the end of March 2021. These new rules apply for the JobKeeper fortnight starting 28 September 2020. The extension includes a few changes to reduce the payment rate for some employees, while also extending availability […] Read More

State & Federal Government Business Support

There have recently been various announcements of available support from State & Federal Governments, so we have compiled a short list of packages for businesses and employees, which you may be able to access and utilise. Business Support Fund – Expansion program providing $10,000 for employing businesses in metropolitan Melbourne & Mitchell Shire and now $5,000 […] Read More

It’s time to lodge your July JobKeeper declaration!

It’s time to lodge your July JobKeeper declaration! JobKeeper declarations for July are now open. The declarations can be lodged anytime between 1 August and 14 August. The sooner you lodge the declaration, the sooner the ATO will make your payment! For more information see the ATO websites below: Sole traders Employers

Early Access to Superannuation – Make the Decision Wisely! By Matt Richardson

Most of you will be aware of the ATO’s measure to address the impact of COVID-19 allowing people early access to their superannuation.  This concession allowed taxpayers to access up to $10,000 prior to 1 July 2020 from their superannuation fund and another $10,000 since.  The withdrawals would also be tax-free. In order to meet […] Read More

Green Taylor Partners will be reopening for APPOINTMENT ONLY consultations from Tuesday 9 June 2020.

Green Taylor Partners will be reopening for APPOINTMENT ONLY consultations from Tuesday 9 June 2020. We invite clients to contact the office on 03 5382 4761 to book appointments, or book via our website. The team at GTP will also continue to offer online appointments via Zoom and Microsoft Teams where requested. For the safety […] Read More

JobKeeper Monthly Declarations Now Open

All businesses registered for the JobKeeper program should now lodge their monthly declaration with the ATO to enable receipt of their first monthly payment. The monthly declarations include your actual turnover for April, a projection for May turnover as well as confirming the number of eligible employees paid for April. To lodge your declaration, log […] Read More

Coronavirus Land Tax Relief – Do you qualify? By Matt Richardson

You may be eligible for Land Tax Relief, if you are a commercial or residential landlord in Victoria. The amount of land tax relief is a 25% reduction on the property’s 2020 land tax.  You also have the ability to defer payment of your remaining land tax liability up to 31 March 2021. Eligibility Requirements […] Read More

Working from home during COVID-19

Due to COVID-19 many of us are working from our home office which is presenting many with a significant adjustment to our ‘normal’ routine and lifestyles. Along with these lifestyle changes it is also likely your daily running costs of the household have also increased as a result of working from home. The Taxation Office […] Read More

JobKeeper Update – MYOB & Xero provide set up guidance

MYOB and Xero have both now released guidance on how to set up the JobKeeper Allowance in their respective software packages. We have included links to the MYOB AccountRight, MYOB Essentials and Xero support pages to assist with setting up the payments. Should you have any queries or questions, please feel free to contact your […] Read More

Important Jobkeeper Update

The Government has recently passed legislation regarding the all important JobKeeper Payment. For all of you that have questions which may include: how does this process work? which businesses does it apply to? who is an eligible employee? what if my employees have been stood down? does whether superannuation have to be paid? what happens […] Read More