Vivid Advisers

22/07/2020

2020 Tax appointments are via phone appointment or Zoom meetings 📱🖥

Book a time that suits you ➡️ https://vividadvisers.com.au/book-your-appointment-online/

Or submit your details online to be processed ➡️
https://vividadvisers.com.au/resources/tax-return-information/

14/05/2020

Have you downloaded the COVIDSafe App?

The app will speed up contacting people exposed to coronavirus (COVID-19). This helps the Department of Health support and protect us, our friends and our family.

You can learn more about the app, including how it works and privacy here:

The COVIDSafe app speeds up contacting people exposed to coronavirus (COVID-19). This helps us support and protect you, your friends and family. Please read the content on this page before downloading.

27/04/2020

The Commissioner has extended the time to enrol for the initial JobKeeper periods, from 30 April 2020 until 31 May 2020.

If you enrol by 31 May you will still be able to claim for the fortnights in April and May, provided you meet all the eligibility requirements for each of those fortnights. This includes having paid your employees by the appropriate date for each fortnight.

For the first two fortnights (30 March – 12 April, 13 April – 26 April), the ATO will accept the minimum $1,500 payment for each fortnight has been paid by you even if it has been paid late, provided it is paid by 8 May 2020.

For more information on how to register, see our previous email sent out:

https://bit.ly/2W2tvnY

20/04/2020

As expected there are some gremlins in the JobKeeper application process.

Please remember you have until Sunday to apply, and it won't impact you any differently.

The ATO are working on removing the gremlins (the nasty ones, not Gizmo, he is too cute).

For the clients that we are processing the applications on your behalf, we will continue to keep you posted.

20/04/2020

Today's most frequently asked question:

"𝗗𝗼 𝘄𝗲 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗽𝗮𝘆 𝘁𝗵𝗲 $𝟭,𝟱𝟬𝟬 𝗽𝗲𝗿 𝗳𝗼𝗿𝘁𝗻𝗶𝗴𝗵𝘁 𝘁𝗼 𝗲𝗮𝗰𝗵 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗯𝗲𝗳𝗼𝗿𝗲 𝘄𝗲 𝗴𝗲𝘁 𝘁𝗵𝗲 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁?"

The answer is 𝗬𝗘𝗦! To be eligible to claim for the payments, you need to ensure the minimum of $1,500 is paid to each eligible employee before the end of each fortnight.

IMPORTANTLY, if you want to claim for the first payments from 30th March, you need to ensure you pay each eligible employee a minimum of $3,000 by the 26th April.

You are then reimbursed by the ATO on a monthly basis (in arrears) for the payments.

We understand that this is causing confusion because the business is already suffering (obviously, hence claiming the JobKeeper), and may not have the cashflow available to continue to make the payments.

When asked to clarify this, the ATO stated that they encourage businesses to talk their bank about short-term funding.

Please ensure you are on top of all the eligibility criteria before applying so that you don't get caught out.

Contact us if you have any queries. 📞📧

19/04/2020

Here is a link to the email we sent out today regarding the application process for JOBKEEPER.

Please, please, please, read ALL the details (we know it's a lot, but it's so important!) and contact us with any queries.

https://bit.ly/34KsUv9

19/04/2020

JobKeeper applications open tomorrow via the ATO Business Portal or via your Tax Agent.

If you are eligible and want to claim for the first fortnight (30th March - 12th April) you have to apply by next Sunday 26th April.

There is no rush for everyone to jump on and register first thing tomorrow however, as it won't get you paid any quicker or change the process at all. (We are certainly expecting the site to either crash, or be terribly slow - but hey, we may be surprised!🐷✈️❓)

It's important to ensure all the criteria is met and the steps are followed exactly to ensure you are actually eligible.

We will be posting more information soon with a step-by-step process 🤓

17/04/2020

$10,000 Small Business Grant's now open for eligible businesses.

The NSW Government has released the second stage of its economic package aimed at keeping people in jobs, helping businesses and supporting our most vulnerable in the face of the COVID-19 pandemic. Find out more about the multi billion package at https://www.treasury.nsw.gov.au/Covid-19Stimulus

14/04/2020

💥 JOBKEEPER UPDATE 💥

The ATO had released further details on the JobKeeper Payment, with more details on eligibility and details on how to apply.

➡️ https://www.ato.gov.au/jobkeeper

14/04/2020

JobKeeper FAQ's have been further updated (as of 11/04/2020):

09/04/2020

The Government has passed legislation for the JobKeeper package, however we are still waiting on the finer details.

For the most recent information and a lot of common FAQ's, head over to:

https://vividadvisers.com.au/jobkeeper-package/

07/04/2020

The Federal Government has announced a rent relief package for commercial tenants impacted by COVID-19. Under the scheme, rent for commercial tenants will be reduced in proportion to lost revenue.

Find out more:

The arrangements will be overseen by binding mediation and a mandatory code will be rolled out in each state and territory.