Job Saver Changes & Micro Business Grants

Job Saver Changes & Micro Business Grants

Oct 6, 2021 | COVID-19

The NSW JobSaver, which provides payments of up to 40% of weekly payroll, is jointly funded by the state and Commonwealth governments. From 13 September, businesses receiving JobSaver have been required to reconfirm their eligibility for the payment each fortnight...
How TSP Optimised COVID-19 Assistance

How TSP Optimised COVID-19 Assistance

Aug 27, 2021 | COVID-19

 During the current lockdown, a TSP Director contacted a valued client enquiring how they were fairing in the most recent Government restrictions and the potential impacts to their business operations. Trading as a company, the client had to close their business for...
Job Saver Changes & Micro Business Grants

Are COVID-19 Grants and Funding Tax Free?

Aug 13, 2021 | COVID-19, Taxation

Most people would think that money provided by the Government to support people and business during a crisis would be tax free? Otherwise, it’s like giving money with one hand and then taking it away with the other, isn’t it? But, the tax laws don’t work like that. To...
Job Saver Changes & Micro Business Grants

New COVID-19 Assistance Available

Jul 16, 2021 | COVID-19

This week the State and Federal Government announced payments for workers and business who have been impacted by the current COVID-19 lockdown and restrictions. If You’re An Employee Workers will be able to apply for a $375 weekly payment if they have lost...
What Changes On 1 July 2021?

What Changes On 1 July 2021?

Jul 1, 2021 | retirement, Small Business, Superannuation

Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise since 2014. It will then steadily increase each year until it reaches 12% on 1 July 2025. The 0.5% increase does not mean that...