Payroll tax relief upgraded – Government economic stimulus announcement in response to COVID-19

In response to COVID-19, the government economic stimulus announced an upgrade in payroll tax relief as follows: >$10m payroll – Payment deferral option of up to six months <$10m payroll – previously three month payment waiver (effectively providing a 25% reduction in payroll tax payable which will be reconciled when annual reconciliation is lodged), now …

New Small Business Grant $10,000 to provide relief for businesses battling COVID-19

$10,000 grants to provide fast relief for NSW small businesses battling COVID-19 Thousands of small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced today by Premier Gladys Berejiklian, Treasurer Dominic Perrottet and Minister for Finance and Small Business Damien Tudehope. The …

Government’s Child Care and Early Childhood Education Relief Package

The Federal Government has just announced a relief package for the child care and early childhood education sector (‘child care sector’). The relief package is designed to: provide free child care to around one million families; and ensure that as many of the child care sector’s 13,000 child care and early learning services as possible …

Coronavirus Stimulus Measures

Like all of us here at KLM, we are sure you are receiving a lot of information in relation to the Coronavirus or COVID-19. The purpose of this article is to outline how we are operating now and into the future and give some detail on government announced measures that may impact you and/or your business. …

JobKeeper Payment – ECONOMIC RESPONSE TO THE CORONAVIRUS

JobKeeper Payment is one of the government’s economic responses to the Coronavirus pandemic. Below are JobKeeper Payment’s FAQs which can also be found here. WHAT IS THE JOBKEEPER PAYMENT? The JobKeeper Payment is a payment made to eligible businesses and not-for-profits affected by the Coronavirus to support them in retaining employees. Eligible businesses that elect …