Australia is facing a health crisis and an economic crisis due to COVID-19. Individuals and businesses will struggle to pay their debts causing ripple effects on other businesses.
The ATO has been flooded with complaints linked to the abuse of the JobKeeper program, with employers found guilty of deliberately rorting the system, facing penalties of up to $126,000 or up to 10 years in prison.
Businesses will be able to claim accelerated depreciation on new assets for the remainder of the year under the latest extension to the $150,000 instant asset write-off program.
Leading into tax time online scammers are ramping up their criminal activity often impersonating the ATO however this year they are using the spread of COVID-19 to take advantage of people across Australia.
The Committee for Mornington Peninsula has been proactive in providing local businesses support & advice during COVID-19. With restrictions beginning to lift, now is a great time to focus on the future and stay positive.
The Victorian government announced back in March 2020 a $10,000 grant available to businesses who turn over more than $75,000, have employees and their total payroll is under $650,000.
Carlia’s face would be well recognised by many within our Highview community – because she’s been a much-loved member of the Highview family for 10+ years!
