News and Resources
Covid-19 Grants for Business
The Federal Government and NSW Government have announced major Covid-19 support available to business – Business Grants, Micro Business Grants and JobSaver. The full details of business grants are available, and applications are open from 19 July 2021. For JobSaver and Micro business grants, the applications are yet to open to the public in late July. If you have not already…
Update to JobKeeper Rules
On 14 August 2020, the Government provided more details about extending the JobKeeper employment test for JobKeeper fortnights beginning on, or after 3 August 2020. Key Points From 3 August, the eligible employee test has been extended to include individuals who were employed on 1 July 2020 (previously 1 March 2020) and are not currently…
Extension to JobKeeper Payments
On 21 July 2020, the Government announced that it is extending JobKeeper Payments for a further 6 months until 28 March 2021 and is targeting those businesses who continue to be significantly impacted by the Coronavirus. What is the Relief? The existing current fortnightly payment rate of $1,500 will remain in place until 27 September 2020 where it…
Extending the Instant Asset Write-Off
On 9 June, 2020, the government announced it will extend the $150,000 instant asset write-off for six months until 31 December 2020. This proposed change is subject to the parliamentary process and is not yet law. Currently, Australian business with annual turnover of less than $500 million are able to take advantage of the asset write-off…
NSW $10,000 Covid-19 Support Grant Applications
The NSW $10,000 Covid-19 Support Grant Applications are available now until 1 June 2020. If you are eligible, don’t miss the deadline. Main criteria to meet the eligibility requirements: Business must be based in NSW Must be registered with an ABN as at 1 March 2020 Employ 1-19 staff as at 1 March 2020 Be able…
COVID-19 JOBKEEPER PAYMENTS Time To Act
As we know, the Federal government has announced further measures to support businesses and their employees through the JobKeeper payment. We have summarised some key information below focusing on small business entities in the event that you need to take advantage of this support. Please contact your MNH Advisory Services team member if you would…