Monthly Archives: April 2020

Home>2020>April

ATO grants JobKeeper payment extension

The ATO has given businesses an extension of time to pay their employees under the JobKeeper program. Enrolments for the initial JobKeeper periods have been extended from 30 April 2020 until 31 May 2020. For the first two fortnights (30 March – 12 April, 13 April – 26 April), ATO will accept the minimum $1,500 [...]

2020-04-29T12:26:50+10:00Wednesday 29 April 2020|Covid-19|

ASIC outlines its expectations

ASIC has written to all general insurers about its expectations in light of the Covid-19 pandemic. ASIC says it expects entities to treat customers fairly and avoid adding further financial harm or burden to consumers. The four-page letter asks insurers to be flexible and details ways insurers could do that. Read the general insurers’ letter [...]

2020-04-29T12:29:56+10:00Wednesday 29 April 2020|Covid-19|

ATO reminder for lodgement deadlines

The ATO is reminding entities with Common Reporting Standard (CRS) or Foreign Account Tax Compliance Act (FATCA) reporting obligations that CY19 reports are to be lodged by 31 July 2020. Entities that need extra time to prepare and lodge reports can apply for an extension via either: the Business Portal Online services for agents Small reporter [...]

2020-04-28T13:39:26+10:00Tuesday 28 April 2020|News|

Covid-19 themed scams

The Australian Cyber Security Centre (ACSC) is aware of a significant increase in Australians being targeted with Covid-19 themed scams, fraud attempts and deceptive email schemes. Read more here.  

2020-04-28T14:08:51+10:00Tuesday 28 April 2020|Covid-19|

Microsoft free trial offer

To enable teams to better work from home during the coronavirus outbreak, Microsoft is offering a free six-month Office 365 E1 trial, including Microsoft Teams. To learn what's available with an E1 licence, read more here – Office 365 E1 – and here – support remote workers with Teams. UAC Business Service member Gratex, which [...]

2020-04-27T15:28:09+10:00Monday 27 April 2020|Covid-19|

How to access JobKeeper, super, WFH deductions

Need to know more about accessing JobKeeper, superannuation, and tax deductions for working from home? UAC financial partner WLM Financial has provided a series of articles to assist you. JobKeeper: The key facts The JobKeeper payment is a $130 billion scheme to support businesses significantly affected by the coronavirus crisis. The scheme provides for payments [...]

2020-04-27T10:46:30+10:00Friday 24 April 2020|Covid-19|

Managing cyber and privacy risks

As the world continues to deal with the economic and operational challenges from the global Covid-19 pandemic, cyber criminals are seeking to exploit new work practices and capitalise on uncertainty. Clyde & Co has warned organisations to be conscious of data, privacy and business risks associated with Covid-19. The firm’s Australian cyber team has prepared [...]

2020-04-27T10:54:50+10:00Tuesday 21 April 2020|Covid-19|

ACCC grants relief

ACCC has granted interim authorisation to Suncorp, Allianz, QBE and other insurers and brokers to enable them to coordinate and implement relief measures for SME business policyholders suffering hardship due to the Covid-19 pandemic. ACCC did not conduct a public consultation process about the request for interim authorisation because of the urgent need for relief [...]

2020-04-27T10:54:07+10:00Monday 20 April 2020|Covid-19|

Web portal boosted to support SMEs

Small businesses struggling to cope with the Covid-19 crisis can access assistance through the My Business Health web portal. Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the portal has been re-designed to walk small business owners and sole traders through  practical steps to keep their businesses afloat. “Small businesses are under enormous [...]

2020-04-27T10:50:08+10:00Monday 20 April 2020|Covid-19|

JobKeeper and award flexibility changes

On 9 April 2020, the Fair Work Act was amended to support implementation and operation of the JobKeeper scheme in Australian workplaces. The changes to the Act will now allow an employer who qualifies for JobKeeper payments to direct employees not to work, work reduced hours or work on different days – but only if the [...]

2020-04-27T10:43:12+10:00Thursday 16 April 2020|Covid-19|