The Treasurer said this second economic response package brings the Government’s total package to $189bn (or 9.7% of GDP), when combined with the initial $17.6bn package announced on 12 March 2020, and the $105bn of RBA funding to support lending to SMEs.
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$130 billion lifeline for businesses to keep workers
In the third and largest economic stimulus package the Federal Government has announced a JobKeeper Payment to help eligible employers retain their staff during the Coronavirus crisis.
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Onvio: A stellar experience of moving to the cloud
Melbourne-based accountant Stella Guest shares her experience of moving her practice to the cloud. From running her business to managing clients remotely, see how Stella made the transition.
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Coronavirus: Govt announces $17.6bn stimulus package
Coronavirus: Govt announces $17.6bn stimulus package; cash payments for business; instant asset write-off increased to $150k; $750 for pensioners
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Phoenixing in ashes: new law targets accountants
A new law to stop companies transferring assets to avoid their liabilities could also have serious impacts for their advisers, with new civil penalties set to be imposed.
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Data protection: the pressure is on, compliance is king
Once an accountant just did accounting. Sure, there were regulations to comply with and training requirements to meet. But now? Compliance is king and keeping up with it all is…
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Here’s to turning a negative into a positive: 5 tips for accountants
Wine! Now that I’ve got your attention, I wanted to share my experience of buying a few bottles recently and highlight the valuable lesson for accountants to get customer service…
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Buy up and claim: Instant asset write-off could benefit up to 2 million taxpayers
Hurry, hurry! Take advantage of the $30,000 instant asset write-off before the threshold is due to revert to $1,000 on 1 July this year. In the 2019-20 Federal Budget, the…
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AUSTRAC Goes After Westpac with Allegations of Anti-Money Laundering Misconduct
Australia’s first bank, Westpac, is alleged to have contravened the Anti-Money Laundering Counter Terrorism Financing Act 2006 (Cth) (AML/CTF Act) on tens of millions of occasions. The Australian Transaction Reports…
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Why data protection should keep you awake at night
Your data is the centre of your business, a bullseye for cyber-criminals. But that’s not the only threat. Misuse and loss of personal information are also contenders. How safe is…
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