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Additional Support Announced for Victorian Businesses

New Business Cost Assistance Program Round 3 – No action is required if you have already been receiving these payments The Victorian Government will provide new cash grants for businesses affected by this latest August Lockdown. If you were eligible and have applied for the Business Cost Assistance Program Grant in May-June 2021 or for the […]

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New Business Cost Assistance Program Round Two

The Victorian Government will provide new cash grants for businesses affected by the short lockdown in July 2021 because of the Covid-19 Delta strain outbreak in Victoria. If you were eligible and applied for the May-June 2021 Business Cost Assistance Grant, your business will automatically receive the new July 2021 Lockdown Grant.  The list of […]

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EOFY Processing with Single Touch Payroll 2021

It’s time to process your EOFY Payroll using Single Touch Payroll (STP). Employees now access their Income Statements (previously known as Payment Summary or Group Certificate) through their personal MyGov account.  This happens after you have completed your Single Touch Payroll processing. To finalise your Single Touch Payroll in Xero you need to complete your End of […]

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New Circuit Breaker Business Support Packages

Following the latest Covid outbreak in Victoria and the ‘Circuit Breaker Lockdown’ across all of Victoria, the Victorian Government has released two new business support packages. The details have only been released TODAY (Thursday the 3rd of June) at 4.45pm. We have already lodged one of these forms so we know what is required to […]

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Circuit Breaker Lockdown Support Packages

Following on from the recent Circuit Breaker Lockdown, the Victorian Government has released an additional $143 million package to support eligible businesses. It is IMPORTANT TO NOTE THAT THESE NEW GRANTS ARE ONLY AVAILABLE FOR A VERY SELECT GROUP OF INDUSTRIES. These include Hospitality, Food Wholesaling, Tourism, Events & Related Services and Florists.  For a […]

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Xero and the Victorian Government’s Small Business Digital Adaptation Program

The arrival of COVID-19 has transformed the lives of small business owners across the country. In Victoria, under shifting waves of lockdown restrictions, many have seen sales plummet and their doors temporarily close. As the state moves into new phases of recovery, the key to not only your business’ survival, but its continued growth, lies […]

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JobKeeper Action Required

Call to action for all JobKeeper extension eligible businesses. Yesterday, the ATO released the new JobKeeper turnover declaration which needs to be completed in order to receive your next round of JobKeeper Payments. PLEASE NOTE: The Jobkeeper extension is also commonly referred to as JobKeeper 2.0. In order to be eligible for the JobKeeper extension […]

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Alternative Turnover Testing for JobKeeper 2.0

JobKeeper 2.0 – Don’t think you’re eligible?  Think again. There are new Alternative Turnover tests which could mean you are You will no doubt be aware that the JobKeeper scheme has been extended to 28 March 2021. It has been widely publicised that in order to qualify for this JobKeeper 2.0 a business must have […]

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Single Touch Payroll Filing on or after 27th of September

You may have received an error when attempting to file your Single Touch Payroll (STP) in Xero or MYOB in the last few days.   This is due to the ATO updating their systems over the weekend requiring more JobKeeper information with your payroll lodgments. If you have been receiving JobKeeper you need to make […]

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Victorian Business Support Fund 3 – Action Is Required

In good news for Victorian Businesses, the Victorian Government has released its 3rd round of Business Support Grants and action needs to be taken now to apply for the available funding to Victorian businesses. Contrary to common press reports that many Victorian grants have been disallowed, we have processed in excess of 100 grant applications […]

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JobKeeper 2.0 – It’s time to plan

In order to be eligible for JobKeeper after 28th of September 2020, your business will need to pass a NEW turnover test. JobKeeper has been extended for the December 2020 and March 2021 quarters. To receive this second wave of JobKeeper payments (commonly called JobKeeper 2.0) your business will need to pass new turnover tests. […]

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JobKeeper Extended with New Rules from 3rd of August

In great news for small businesses and employees, JobKeeper has been extended and new rules have been introduced – some which may impact your business now. Below we will look at the items you need to know now in relation to the new rules. There are 3 main changes for JobKeeper: Effective Immediately: More Of […]

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