small business accounting newsletter | 2020 | June 2020 Newsletter

With more and more small businesses acknowledging the importance of email marketing to drive sales for their business, find out how your next email campaign could help you stay ahead of competition...

Treasury revises down estimated JobKeeper cost by $60 billion

The ATO and Treasury have released a joint statement advising that the previous estimate of the number of employers who would access the JobKeeper program was significantly overstated....

Snapshot of Federal COVID-19 pandemic measures

Tax-free payments of up to $100,000 are available for eligible small and medium sized entities and not-for-profits (including charities) that employ people, with a minimum payment of $20,000...

JobKeeper: measuring decline in turnover

Businesses (including sole traders and charities) must have suffered a “substantial decline” in turnover to qualify for the JobKeeper Payment of $1,500 per eligible employee...

STP exemption for small employers extended to July 2021

The ATO has extended the Single Touch Payroll (STP) exemption for small employers in relation to closely held payees from 1 July 2020 to 1 July 2021 in response to COVID-19...

Processing of super early releases resumes with extra risk filters

Processing of COVID-19 early release of superannuation applications has now resumed, with the ATO adding extra risk filters for all files that are delivered to super funds...