Below are some articles to assist our great clients in navigating this uncertain time. We are here to support you during this unprecedented time, please contact your Nexia Edwards Marshall Advisor to discuss.
In an evolving situation with only a short time to act, we’ve focussed here on the more immediate things you need to do. A series of Fact Sheets and Frequently Asked Questions documents with a lot of information on the JobKeeper Payment program have been issued. However, with framework legislation passed, and the detailed rules now finalised by way of delegated legislation, some of that information is now obsolete. Read more
The National Cabinet has released a mandatory Code of Conduct for commercial leases during the COVID-19 pandemic period. The Code will be given effect through state and territory legislation, and although won’t supersede such legislation, it will complement it. Read more
Business needs to consider what the future looks like post COVID-19. Below is a short accounting and tax health checklist of items for your consideration. Read more
We understand the challenges facing businesses right now and believe our corporate bookkeeping team are well placed to provide vital assistance during this difficult period. Read more
The government announced a third round of measures to support businesses affected by COVID-19 to maintain their employees. It’s called the JobKeeper Payment – a direct payment of $1,500 per fortnight, per-eligible-employee, to qualifying businesses and not-for-profits to subsidise the cost of continuing to employ workers. It’s also available for the self-employed. Read more
Following the RBA's announcement to cut the cash rate to a record 0.25%, and the subsequent announcement to set up a $90 billion term funding facility for banks to use to support SME clients, the Australian Banking Association has announced a small business relief package from Australia’s banks. Read more
As a result of the safe harbour rules, a director will not be subject to the insolvent trading laws under the Corporations Act 2001 (and therefore not held personally liable for the debts of the business incurred past a point of potential insolvency) where they are implementing a plan of action to restructure the affairs of the company that complies with the safe harbour rules. Read more