We continue to build on our comprehensive guide to the stimulus packages announced to date. This update includes:
- the all important JobKeeper measures announced late yesterday whereby a record $130 billion wage subsidy will be introduced to keep wages flowing to an estimated six million people;
- further payroll tax relief announced by NSW, SA and QLD governments;
- changes to the income thresholds for applicants seeking welfare with partners that remain employed; and
- some ATO guidance on reducing rent for Self Managed Superfund's renting out business real property to a related party.
As of today, the majority of our staff are working from home. We have moved swiftly to ensure our team are setup at home with all of the infrastructure and support that would be present in the office. Rest assured we have robust policies and procedures in place to maintain your strictest confidentiality and we remain available to help you though these challenging times.
Later today we will be sending out a separate email with detailed instructions on how we can stay connected through video meetings with Microsoft Teams. This is a must read for those new to video conferencing and screen sharing and a great refresher for everyone else.
As always, stay safe and please don't hesitate to get in touch with us.