Taxation, investments, small business Accounting and advice, superannuation - Jamiesons Chartered Accountants
 

This email is to provide you with an update on some new programs and offerings that may be of value to your business.

The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience.

After Round 1 of the program was allocated very quickly, a second round has been announced and will be accepting applications from 1 July 2020.

The program aims to see small and micro businesses:

  • prepare for the safe resumption of trading in the post COVID-19 recovery
  • continue to meet operating costs
  • access digital technologies to rebuild business operations and transition to a new way of doing business
  • respond to online opportunities, where possible, to sustain employment and maintain potential for longer-term growth
  • upskill and reskill business owners and staff to benefit from new technologies or business models
  • embrace business diversification to adapt and sustain operations
  • create or retain employment.

You can register your interest now at https://www.business.qld.gov.au/starting-business/advice-support/grants/adaption.

 

Updated Innovation Journey available

The Innovation Journey document details a range of support options available from both the Australian and Queensland Governments for businesses of all shapes and sizes. The updated document replaces some out of date programs and is a great reference tool for everything Government Support related.

 

Netflix for training on offer for Queenslanders

If your business has been impacted by the coronavirus (COVID-19) pandemic, you can access a free online library of courses tailored to small business.

Course areas include:

  • Foundation business skills
  • Leading a successful business
  • Connecting businesses and customers
  • Adaption and digital skills.

Access is free to Queensland small businesses. Registration is required, including details to verify your business.

Further information is available at https://www.business.qld.gov.au/starting-business/advice-support/support/small-business/online-training.

 

The launch of the Continuing your business guide

The recent Australian bushfires and coronavirus (COVID-19) have had devastating effects on businesses. The interactive step-by-step guide helps you understand what to do to keep your business operating. The guide will help you plan your recovery, know where you can get support and assistance, keep your operations running, reach out to your customers, access your finances and protect your business.

You can access the Guide at https://businessgovau.cmail19.com/t/j-l-qthtjkl-julrlltrv-d/.

 

Upcoming Webinars

 

Coronavirus information and support for business

Information about financial assistance, eligibility and timing for government support for Australian businesses. This page is updated regularly as new information is available.

https://business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business

 

Latest News

  • JobKeeper Payment - On 8 June, the Government announced that JobKeeper payments will cease from 20 July for employees of a child care subsidy approved service and for sole traders operating a child care service. The JobKeeper payment is administered by the Australian Taxation Office (ATO). Check the ATO's JobKeeper timeline of content updates for their latest changes.
  • Easing of restrictions - A national three step plan to relax coronavirus restrictions has been announced, with states and territories to decide when each step will be implemented locally. Learn more about restrictions on services.

 

Extending the Instant Asset Write-Off

The Government recently announced that it will extend the $150,000 instant asset write-off for six months to 31 December 2020.

The increased instant asset write-off also helps to improve cash flow for businesses by bringing forward tax deductions for eligible expenditure. The threshold applies on a per asset basis, so eligible businesses can immediately write-off multiple assets provided each costs less than $150,000.

The extension will also give businesses additional time to acquire and install assets, as they will now have until the end of the year. Assets can be new or second hand and could include for example a truck for a delivery business or a tractor for a farming business.

 

Impact to R&D claims by COVID-19 or Bushfires 2019-20

Acknowledging the effects of COVID-19 and recent bushfires on Australian businesses, AusIndustry are committed to working with program participants to support you managing your R&D Tax Incentive claims.

For 2019/2020 Income Year R&D Tax Incentive Advance and Overseas Findings – AusIndustry will accept a 'provisional' application (with minimal detail) to request Advance and Overseas Findings until 30 June 2020. This is with the expectation that you'll provide the further information required to assess the application by 30 September 2020. More information on lodging a provisional application is available from our Special eBulletin.

For 2018/2019 Income Year R&D Tax Incentive Registration Applications - AusIndustry will be accepting registration applications for the 1 July 2018 to 30 June 2019 income year until 30 September 2020. You're not required to request an extension of time during this period.  If you're unable to lodge your application by 30 September 2020, you may request an extension of time.

 

Australia India Strategic Research Fund (AISRF) Round 13 - COVID-19 Collaborative Research Projects
The Australia-India Strategic Research Fund (AISRF) Round 13 - COVID-19 Collaborative Research Project grant opportunity supports collaborative research projects between Australia and India. The focus of Round 13 is to support collaborative research projects focused on contributing to the global response to the COVID-19 pandemic.

Closes: 2 July 2020 5pm AEST
Value: $300,000 - $600,000

Jobs Hub

While many businesses have had to reduce staff, there is an increased demand for workers in other areas of the economy.  These areas include health care sectors, transport and logistics, some areas of retail, mining and mining services, manufacturing, agriculture and government sectors.  The Australian Government's Jobs Hub will help you find advertised vacancies.

 

COVID-19 Cyber Security Protection Small Business Guide

The Australian Cyber Security Centre (ACSC) has published advice on how small businesses can better protect themselves from cyber attacks and disruptions during COVID-19.
A guide has been developed to help small and micro businesses adapt to working during the COVID-19 pandemic. This document will help businesses with simple and actionable advice in order to both identify common and emerging cyber threats and develop resilient business practices to protect themselves.
Broader COVID-19-related cyber security advice is available online.

 

Get the latest updates on business.gov.au

You can access the 'popular information list' on the business.gov.au home page. These include pages with the highest level of interest.

Please do not hesitate to contact us to discuss any of the above. 

 

   |   Copyright Jamiesons Chartered Accountants ©    |   Site Map   |   Disclaimer   |   Online software for accountants by Wolters Kluwer    |