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Aug 07, 2020 / News
JobKeeper 2.1 revamped
The economic impact from the situation in Victoria has prompted the government to revise the second phase of the JobKeeper program announced a couple of weeks ago. The revamp is estimated to add a further $15 billion to the cost of the program. Read more
Jul 22, 2020 / News
JobKeeper 2.0 – Beyond the facts & figures: what you need to do
JobKeeper was necessarily designed and implemented in a very short time-frame, and so some waste had to be accepted in return for haste. Treasury has now had the opportunity to review the program. The government yesterday announced plans for a second phase of the JobKeeper program for business. However, the eligibility criteria will be tightened, and it will be more precisely targeted. Read more
Jul 14, 2020 / News
Companies shouldn’t be tempted to disclose EBITDAC(ovid)
The COVID-19 pandemic has had a significant effect on many businesses and some have been wondering whether they can highlight the impact of COVID-19 and report Earnings Before Interest Tax Depreciation Amortisation and COVID-19, or EBITDAC? Read more
Jul 07, 2020 / News
Accounting for government COVID-19 support packages
Many companies have accessed JobKeeper and other government support packages which has raised questions regarding their accounting treatment. Read more
Jun 25, 2020 / News
JobKeeper & Cash flow boost – ATO now scrutinising claims
Business owners have been through an intense period of COVID-19 survival mode – we’re still in it – but now we are beginning to emerge and look to the other side. Read more
Jun 18, 2020 / News
Schools and Colleges Financial impacts of COVID-19
With evolving Government initiatives to assist businesses recover from any negative financial impacts of COVID-19, coupled with new financial risks, we have outlined below some key areas which may impact your School or College in 2020. Read more
May 29, 2020 / News
Extension of ASIC reporting deadlines for 30 June 2020
In response to business disruptions caused by COVID-19, the Australian Securities and Investments Commission (ASIC) has announced a one month extension of the reporting deadlines for companies to lodge their audited financial reports under Chapters 2M and 7 of the Corporations Act 2001. The extension applies to both listed and unlisted companies with a balance date up to and including 7 July 2020. Read more
May 20, 2020 / News
Payroll Tax Concessions in the Time of Coronavirus
Governments throughout Australia have employed unprecedented measures to mitigate both the health and economic shocks to the community from COVID-19. Read more
May 18, 2020 / News
IASB revises treatment of COVID-19-related rent concessions
The Australian government’s mandatory Code of Conduct for Commercial Leases introduces a range of rent concessions for lessees, including rent reductions and rent deferrals. Read more
May 13, 2020 / News
COVID-19 Relief measures - Support for the Wine Industry
The wine industry has been significantly impacted by the Covid-19 pandemic. In light of this, the Australian and South Australian Governments have announced significant support to assist the industry through to better times. Read more
