Over the last few months, we have provided up to date information on different Government initiatives along with advice to help guide you through this current economic climate.
As a result of our extensive research and regular blogs, we have created and launched a new page on our website – Covid-19 Financial Assistance Library.
Covid-19 Financial Assistance Library
By identifying ten areas that clients have constantly asked for advice on, we have researched and provided guidance on how businesses can make the most informed decisions.
ATO PAYG Credits – ATO will provide tax-free cash flow boosts of between $20,000 and $100,000 to eligible businesses, delivered through credits in the activity statement.
JobKeeper Payments – The JobKeeper Payment Scheme is available to small business owners to subsidise wages for each eligible employee at $1,500 per fortnight.
Existing ATO Debt – The ATO have announced a variety of options to assist businesses impacted by COVID-19 by allowing the deferral of tax payments.
NSW Government Help – The NSW Government have a number of different initiatives to assist businesses via land tax breaks, grants and payroll tax breaks.
Capital Purchase Write Off – The Federal Government has increased the instant asset threshold to reduce tax and free up working capital.
Banking Assistance – Banks are offering relief via payment deferrals, reduced interest rates, increased overdraft facilities, waiving of fees, restructuring of loans and / or loan extensions.
Employees and Wage Subsidies – Find out more about Support for Apprentices and Trainees, Payroll tax waivers, JobKeeper, JobSeeker and standing down employees.
Commercial Tenancy – The Code of Conduct is a good place to start with trying to agree a fair rental agreement with your Landlord during the coming months.
Business Advisory – ABJ Solutions are experts on advising businesses via different strategies on cash flow management, financial modelling, reporting and analysis.
Individual Benefits – Find out more about JobKeeper, JobSeeker, loan assistance, rental assistance, land tax and WFH tax deductions.
ABJ Solutions Blogs – read up on business strategy and the latest Government initiatives.
Conclusion
ABJ Solutions thrive on supporting businesses achieve their goals via financial leadership and expertise through reporting, analysis, insights and now Covid-19 related advice. If you or anybody that you know will find this information helpful, refer to ABJ’s Covid-19 Financial Assistance Library.
Please share this important storage of business-critical information and feel free to send through requests for areas that you’d like to know more about.
Let Us Help
If your business has a turnover of over $1 million, ABJ Solutions is offering a complimentary 30 minute Zoom meeting to help answer questions and model critical decisions with you. Get in touch with us today so that we can help guide you through this challenging time.
