NEWS & INSIGHTS
COVID-19 Daily Updates
5 February 2021 STP phase 2 commencement to be delayed A legislative instrument will issue soon around the implementation of single-touch payroll (STP) phase 2. The major change from previous announcements is the start date will now be 1 January 2022 (previously 1...
Simplifying Small Business Insolvency
Drawing on key features of the Chapter 11 bankruptcy model in the United States, the new system aims to speed up the insolvency process, reduce costs and where possible, restructure to help the business survive. Where survival is not possible, it’s hoped that the quicker insolvency process will deliver greater returns for creditors and employees.
How to Sell your Business
We’re often asked the best way to sell a business. There are two key components at play in the sale of a business; structuring the transaction and positioning the business to the market. Both elements are important and can significantly impact your result. Structuring...
How to Access JobKeeper
The impact of COVID-19 has been felt very differently from region to region. Fortunes vary wildly between business operators subject to ongoing lockdowns and trading impediments to those benefiting from the “new normal”. For those severely impacted by COVID-19,...
Jobmaker Hiring Credit Rules Released
Administered through STP, JobMaker provides a payment to employers of $200 per week for eligible new employees aged between 16 and 29, and $100 per week for eligible employees aged between 30 to 35 years for 12 months. The hiring credit is available for jobs created...
2021 Risks & Opportunities
This year has taught us resilience and patience. We have had a stark reminder of what is really important in life. We have learned the painful lesson of expecting life to be on a constant, consistent path and promise to approach life like an optimist but plan like a pessimist – personally and professionally.
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