The Treasury has released a Frequently Asked Questions fact sheet on the proposed JobKeeper payments. The document responds to a number of questions raised by employers, including: Eligibility of businesses and entity types Determining eligible employees Further details regarding the wage payment and reimbursement process Definition of turnover, including details for new start ups and businesses with […]
Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive. Make sure you have a clear picture of your payroll, and any other […]
The Fair Work Commission (FWC) late last year has varied a number of modern awards that include annualised salary provisions. The decision has also introduced the provision for annualised salaries into some other awards for the first time. Whilst the actual specifics of the annualised salary provisions vary per award, there are some significant changes […]
The Government has announced a new measure to support Australian businesses, employees and sole traders. The JobKeeper Payment aims to support businesses to maintain their income and connection with employees. These connections will enable businesses to reactivate their operations quickly after the crisis is over. The JobKeeper Payment Eligible businesses will be able to claim […]
Everyone is being affected by the Coronavirus crisis and the landscape is changing daily, but there are some very important fundamentals that every business owner and operator should be asking now. These include; What measures can and should you be taking now to best protect your business and your financial position? What relief measures were […]
During an emergency situation, where employees can no longer work from your usual office location, being able to ‘get up and running’ from a remote location is critical. Remote working allows your people to remain safe at home, allows communication between the team and customers, and – crucially – allows you to continue running your […]
Prime Minister Scott Morrison has announced an additional stimulus package, taking the value of the total support to $189 billion. Acknowledging that the coronavirus pandemic may continue for some time and have long lasting impact on the livelihoods of Australians, the PM announced a raft of new support measures. Details of the new package: Support […]
In unprecedented times, businesses must adapt to remain productive. If face-to-face meetings are a key part of your daily business operation, here are some tips to take your meetings online with minimal disruption. Find the best system for you. There’s a range of free or low-cost platforms, including GoToMeeting, ezTalks, Join.me, Zoom, Google Hangouts, and […]
The Covid-19 local and global situation is changing daily and the impact on business, and particularly employers is now a reality. Employers are facing unprecedented changes to the way of working, and many employers are having to do this with little or no preparation for such adversity. The Fair Work Ombudsman has updated their information […]
CoronaVirus (COVID-19) – A Message from the Team at Thorntons Accountants and Business Advisors At Thorntons we take our responsibility for the well-being of our staff and clients seriously. As the situation with the COVID-19 pandemic continues to escalate in Australia and around the world, we want to take this opportunity to update our […]