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    Financial and Business News

  • COVID-19 Closed Melbourne
    Business Advisory

    COVID-19 – Melbourne – Stage 4 Restrictions

    August 4, 2020

    It’s safe to say we weren’t prepared for this but there are Government programs available to help. In early July 2020, Victoria reverted back to Stage 3 restrictions for Metropolitan Melbourne and the Mitchell Shire in an attempt to contain the spread of COVID-19. On 3 August 2020, in a year of constant ‘unprecedented’ announcements, […]

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  • JobKeeper 2.0 - Accru Melbourne
    Business Advisory

    COVID-19 – JobKeeper 2.0

    July 22, 2020

    Government announcement of JobKeeper 2.0 The Prime Minister and Treasurer announced on Tuesday 21 July changes to the JobKeeper program, describing it as JobKeeper 2.0 and confirming that it will be extended from its original expiry date of 28 September 2020 until 28 March 2021. There are two important points to make in relation to […]

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  • Stage 3 back - Accru Melbourne
    Business Advisory

    COVID-19 – Melbourne back into Stage 3 restrictions

    July 8, 2020

    It’s safe to say we weren’t prepared for this but there are Government programs available to help. For weeks in Victoria, it looked like we were on the brink of recovery and a return to some new state of normalcy. In the end, it looks like we are once again on the precipice of a […]

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  • Planning Tax 2020
    Tax

    6 key changes for Tax Planning 2020

    June 23, 2020

    Preparing for tax time 2020. Time has been flying by and there is news changing daily around the pandemic. We’ve all been preoccupied with stimulus updates and keeping informed on what to do for our health, our business and our finances – but suddenly 30 June is just around the corner and it’s time to […]

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  • Tax

    COVID-19 – Impacts on Fringe Benefits Tax (FBT)

    May 25, 2020

    Income tax law changes due to employees working from home. COVID-19 has accelerated the working from home movement for many businesses fortunate enough to be able to work through the pandemic. What was once an option for certain people that comes under the umbrella of flexible work policies has suddenly become the norm for the […]

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  • JobKeeper test - Accru Melb
    Business Advisory

    COVID-19 – JobKeeper Alternative Test Summary

    April 24, 2020

    Alternative test for determining eligibility for JobKeeper wage subsidy On Thursday 23 April, the Australian Taxation Office released their legislative instrument outlining the details of the “alternative test” for determining eligibility for the JobKeeper wage subsidy program. The basic test is simply comparing turnover from a current period to the same period 12 months ago. […]

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  • Business Advisory

    COVID-19 Coronavirus Economic Response – JobKeeper Application

    April 17, 2020

    JobKeeper applications open 20 April 2020 Application and enrolment for the JobKeeper program opened on Monday 20 April through ATO online platforms. Over the past week we have now received the rules and explanatory material from Treasury outlining eligibility criteria and thresholds. Furthermore, the ATO has created their own webpage with some explanation and forms. […]

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  • JobKeeper scheme update
    Tax

    COVID-19 Coronavirus Economic Response – JobKeeper Payment Update

    April 9, 2020

    JobKeeper scheme update as at 9 April 2020 Legislation for the JobKeeper payment successfully passed through Parliament on Wednesday 8 April. The legislation gives the Treasurer power to make rules in relation to the JobKeeper program. These rules have not been finalised in a legislative instrument yet but Treasury have released a number of useful […]

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  • Coronavirus economic stage 2 - Accru Melb
    Tax

    COVID-19 Coronavirus Economic Response – Stage Two

    March 23, 2020

    Stage two of the Government’s response to COVID-19 Since our previous update on 13 March, the Federal Government has announced another series of measures aimed at supporting the economy through the COVID-19 pandemic. The Government described stage one as a stimulus and stage two this past weekend as a ‘safety net’. The official Treasury overview […]

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  • COVID-19 Coronavirus Accru Melb
    Tax

    COVID-19 Coronavirus Economic Response

    March 13, 2020

    Learn more about the $17.6 billion economic stimulus package in response to the Coronavirus.  In addition to the obvious health threats, the COVID-19 coronavirus continues to dominate headlines, decimate financial markets, disrupt public events putting whole sporting leagues on hiatus and has now even closed borders. The economic impacts of this are already being felt and […]

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