by Swot Accoountants | May 12, 2020 | Companies & Trusts
Family and Discretionary Trusts In legal terms, a trust is a relationship (not a legal entity) in which one party (the settlor) gives property to another person (the trustee) to hold or conducts a business for the benefit of a third person (beneficiary). Trusts are...
by Swot Accoountants | Apr 25, 2020 | Business News, Coronavirus (COVID-19)
The ATO Commissioner has extended the enrolment time for the JobKeeper Payments from 30 April 2020 to 31 May 2020. If you enrol before the 31 May, you will be able to claim for the fortnightly periods starting 30 March 2020. You must make sure that your employees have...
by Swot Accoountants | Apr 7, 2020 | Business News, Coronavirus (COVID-19)
The Treasury has now released a guide on the yet to be legislated JobKeeper payments, including the eligibility criteria. Some examples: Partnerships – only one partner in a partnership can be nominated to receive the JobKeeper payments. Trusts – only one individual...
by Swot Accoountants | Mar 31, 2020 | Business News, Coronavirus (COVID-19)
The Prime Minister has unveiled his third and largest stimulus package to help up to 6 million workers, known as the JobKeeper payment. The flat payment of $1,500 per fortnight will be paid to businesses (companies, trusts, partnerships and sole traders) to pass on to...
by Swot Accoountants | Mar 25, 2020 | Coronavirus (COVID-19)
The ATO has updated its website to include the essential information about the economic support packages that have now become law. The website provides detailed information about: Government payments to individuals affected by COVID-19 Government’s stimulus package...
