ATO release details of JobKeeper & Cash Flow Boost The ATO have updated their website to include the rules, regulations and processes for businesses to access the JobKeeper & the Cash Flow Boost stimulus package. Contact Us if you’d like to apply JobKeeper Payment The government has introduced a $130 billion JobKeeper Payment scheme to support businesses […]

The JobKeeper scheme legislation achieves royal assent Legislation.  The new legislation establishes the JobKeeper scheme of wage subsidies in the form of payments made via employers has passed both houses of Parliament and has achieved royal assent. The bills concerned (the Coronavirus Economic Response Package (Payments and Benefits) Bill 2020 and the Coronavirus Economic Response Package Omnibus (Measures […]

Stimulus Payments to Households and Income Support Recipients     Stimulus payments to households and Income Support Recipients Stimulus payments to households Also provided a part of Stimulus payments to households and Income Support Recipients Package is the payment of the first economic support payment of $750 to approximately 6.6 million Social Security and Veterans’ income […]

At vTax Australia we’ve had lot of calls regarding any COVID-19 Sole Trader JobKeeper Payment. Please message us or call 0410 184 596 if you require help registering. For a small fee of $5 we can register for you. At the moment the Australian Federal Government are releasing new initiatives fast and hard. Here’s what we’ve found on […]

The Australian Government’s economic response to Coronavirus Át vTax we’re trying to help people understand the Australian Government’s Economic Response to Coronavirus. If you need clarity on any of the provisions below please contact us. The stimulus packages are contiually being refined, information in this post was sourced at https://treasury.gov.au/coronavirus As part of the Australian […]

Here’s a great CPA Australia podcast discussing how the ATO is now focusing on individual’s work related expenses claimed. https://open.spotify.com/episode/1OkqSu4tBT8TSVvZOoavuL Tax Commissioner Chris Jordan has stated that the over-claiming of work-related expenses is estimated at $2.5 billion. In this podcast episode, Robert McDowall, partner at Arabon, Trisha Aventurado, Manager Public Practice Support Service at CPA […]