The Superannuation Guarantee Rate is due to gradually increase from the current 9.5% to 12% over the next 5 years as per the table below: Year Percentage Year starting 1 July 2020 9.5% Year starting 1 July 2021 10% Year starting 1 July 2022 10.5% Year starting 1 July 2023 11% Year starting 1 July […]
The Latest Federal Budget announced a welcome extension to the full expensing policy. Please see below BMT Tax Depreciation’s summary for more details. BMT Tax Depreciation Business Incentive Summary Sheet
The Victorian Government has launched the ‘Circuit Breaker Business Support Package’ due to the recent circuit breaker restrictions in Victoria. Business Costs Assistance Program Grant $2,500 to $5,000For eligible employing and non-employing businesses in sectors most impacted. This includes businesses operating in an industry that cannot operate under the circuit breaker restrictions and which cannot […]
NSW small businesses are encouraged to sign up for a new $1,500 rebate scheme to help cover the cost of NSW and local government fees and charges. The rebate will be available until 30 June 2022. Click here for more information or to apply.
The Fuel Tax Credit rates have increase from 1 February 2021. Visit the ATO Website for information, or for further assistance relating to these changes, please contact our office.
You may be eligible for the Agriculture Victoria’s Round 2 of the on-Farm IoT Trial Grant. If you are a farmer in the Wellington, Buloke, Loddon, Greater Shepparton or Moira Local Government Areas, you may be eligible. For round 2 of funding a maximum grant amount of up to $25,000 (excluding GST) will be awarded […]
On 21 July, the Government announced the extension to the JobKeeper payments until 28 March 2021. Click here to see the ATO JobKeeper Extension Fact Sheet.
The Victorian Government recently announced the Business Resilience Package, investing $3 billion to support Victorian businesses. This package will provide cash grants, tax relief and cashflow support to eligible Victorian Businesses. Below is a summary of the package; BUSINESS SUPPORT FUND 3 A third round Business Support Fund is now available to eligible businesses. This […]
JOBKEEPER PAYMENT SCHEME EXTENSION On 21 July 2020 the Government announced the extension of the JobKeeper Payment Scheme for a further six months until 28 March 2021. JobKeeper payments remain unchanged and available until 27 September 2020. Further changes were announced on 7 August 2020, from 28 September 2020 business will be required to re-assess […]
Our Partners, HR Advice Online, have provided an update for us to pass onto our clients, in relation to managing Covid-19 from an employer perspective. Please find below links for this information;Covid-19 – Stage 4 Advice for Victorian Employers – Information SheetCovid-19 FAQ’s The information provided is general in nature, should you wish to receive […]