Semmens & Co News Feed
COVID-19: SME Loan Scheme Continued
The Coronavirus SME Guarantee Loan Scheme has been extended to 30 June 2021, to support more small and medium-sized businesses.
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Treasury Introduces Permanent Identifiers for Directors
Under new laws Directors will now be required to apply for a permanent unique identification number or risk hefty fines.
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1.75% Increase to Minimum Wages
The Fair Work Commission has announced a 1.75% increase to minimum wages. This will apply to all award wages.
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Records to Keep for Tax Time
With the end of financial year fast approaching, it is time to consider your planned claims and deductions and the records you should keep for tax time.
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6 Month Extension for the $150k Instant Asset Write-Off
Prime Minister Scott Morrison has extended the $150,000 instant asset write-off until the end of 2020, in an effort to encourage investment as part of his JobMaker plan.
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Return to Work Post COVID-19
As governments around the world make plans to relieve restrictions, businesses are also making plans on how to safely return to a more normal work life. And whilst it can be daunting, the best way to succeed is by working with your team, as a team, to find the right balance as we ease into the new world post-COVID.
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Alternative Tests for the Coronavirus Economic Response Package
Alternative tests legislation has passed to support businesses with the potential to be adversely affected by COVID-19 but don’t meet the basic tests.
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Tax Planning – What is your tax strategy?
Tax planning will ensure you have a tax strategy in place before 30 June, to help you make strategic decisions and maximize your deductions and returns this tax season.
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JobKeeper Payment Scheme – Enrollment and Payment Extensions Explained
The ATO has now announced an extension of time for employers who wish to enroll for the first two JobKeeper fortnights to 31 May and when they need to to pay employees for JobKeeper fortnights 1 and 2.
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Big 4 Banks Hotline for JobKeeper Finance
Employers can seek assistance from the banks for financial support to make the payments to employees prior to receiving their claim to the JobKeeper wages subsidy.
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Mark Semmens
Mark is a Chartered Accountant with a wealth of experience in accounting and taxation. Mark is a Member of Chartered Accountants Australia and New Zealand, the Tax Practitioners Board and the National Tax and Accountants Association.
Mark's blogs
Daniela Semmens
Daniela Semmens is a Co-Director of Semmens & Co. and joined the company as General Manager in 2017. Daniela is an Affiliate Member of Chartered Accountants Australia and New Zealand and also a Member of the Australian Institute of Project Management.
Daniela's blogsContact Us Today
For any enquiries into our team or our services please contact Semmens & Co. via email at [email protected] or call us on 03 8320 0320
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