The 2020 Federal Budget – prepare for the future
The latest Federal Budget has introduced some key changes to Australian legislation that will affect small to medium sized businesses, NFPs and individuals. While government rulings are being implemented, use the time to review their implications and prepare for the future. Following are some highlights of the new budget rulings handed down by the treasurer, […]
Proposed border harmony to assist charity fundraising
Physical border closures might be dividing some parts of the country, but at least our charity sector could benefit from reforms intended to harmonise national fundraising across state and territory borders. The reduction in bureaucratic regulations that would apply to organisations registered with the Australian Charities and Not-for-profits Commission (ACNC) is outlined in the discussion paper, […]
Stricter tests apply for JobKeeper 2.0
JobKeeper 2.0 has now commenced for eligible Australian businesses, charities and not-for-profits (NFPs) registered with the Australian Charities and Not-for-profits Commission (ACNC). Eligibility for JobKeeper 2.0 covers two extension periods from 28 September 2020 to 3 January 2021 (Extension Period 1) and then from 4 January 2021 to 28 March 2021 (Extension Period 2). This update […]
Five Fast and Effective Tips for Invoicing with Xero
Speed up internal processes and improve your cashflow by mastering these five invoicing tips with Xero. Getting paid on time is crucial for businesses and not-for-profits to ensure they are in a strong cashflow position. Xero has many helpful features to save you time and money. Organisations are now using e-invoicing for rapid, streamlined secure […]
ATO Super Guarantee Amnesty 7 September deadline reminder
Take advantage of the one-off Super Guarantee Amnesty offered by the ATO before it closes at 11.59 pm on 7 September 2020. The amnesty allows employers to disclose and pay previously unpaid super including nominal interest, owed to their employees, for quarter(s) starting from 1 July 1992 to 31 March 2018. Employers who are eligible for the […]
New JobKeeper eligibility advice that is applicable to your business or NFP now
In light of deteriorating health conditions and the subsequent six-week lockdown in Melbourne the JobKeeper program has once again been adjusted in terms of the criteria for eligibility. The following changes that were announced on 7 August will now apply: August update to JobKeeper eligibility period From 3 August 2020 (JobKeeper fortnight 10) the relevant […]
JobKeeper 2.0 Webinar
If you missed Brendan Lucas’ recent JobKeeper 2.0 webinar you can view the webinar and associated questions below.
JobKeeper tweaked and extended beyond 28 September to 28 March 2021
The devil is in the detail and as further details are released we will provide updates and assistance that will help our clients determine whether they are eligible for the extended version/s of JobKeeper. Here is a short updated of the details announced today: The Federal Government announced today that JobKeeper would be extended beyond […]
Before the storm: ACNC Charities Report paints a positive pre-COVID picture
NFP managers and directors may have missed the ACNC’s release of the 2018 Australian Charities Report in the midst of the COVID-19 lockdown. Yet, the findings of the report can be considered relevant when trying to predict the resilience of the NFP sector throughout the current pandemic recession and beyond. In terms of context, the […]
$3,000 recovery grants for small businesses and NFPs
A new scheme providing $3,000 grants to small businesses and NFPs has been launched in NSW. The government grants will provide relief to qualifying organisations impacted by COVID-19. The Recovery Grant helps NSW small businesses and NFPs meet the costs of safely reopening or up-scaling operations from 1 July 2020. Grants of between $500 and […]