Month: March 2020


Wage subsidy guidance for first payroll

The wage subsidy guidelines are evolving daily. We understand some employers are concerned about the potential implications of getting the application wrong, particularly if you have based the application on a forecast position. Here are some thoughts to help you through the process. If you think you meet the criteria, you are entitled to apply […]

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Top 10 strategies to navigate through a recession

Cost and Cashflow Management will be critical to ensure the health of your business in the current economic environment. Here’s our checklist to assist you to manage some of the financial challenges ahead. Employees and Wage cost Consider retaining all employees through Reduced hours Utilising accrued leave Leave without pay Assistance provided by the Government […]

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Covid-19 Business Support Package

Yesterday the Government unveiled its $12.1 billion support package for businesses affected by Covid-19. Below we set out the highlights and provide some details of the key measures: $5.1 billion wage subsidy package $2.8 billion towards benefit increases doubling of the Winter Energy Payment $2.8 billion for tax changes to free up cash flow $126.5 […]

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End of year checklist

With the new financial year almost upon us, there’s not much time left to ensure you have your ‘house’ in order for 31 March. Our 40-point checklist below will guide you through the year-end process and ensure you maximise your tax deductions and minimise your annual tax bill. Assets Assets purchased costing $500 or less […]

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