The JobKeeper Payment aims to support businesses to maintain their income and their connection with employees. The payment will be $1,500 per fortnight per employee for up to 6 months
The outbreak of the Covid-19 virus is having a huge effect on employers. The Fair Work Ombudsman has provided guidance about workplace entitlements and obligations
Due to the Corona Virus epidemic, the instant asset write off has been increased from $30,000 to $150,000 for businesses with a turnover of less than $500m.
The Government is supporting small businesses to retain their apprentices and trainees. Eligible employers can apply for a wage subsidy of up to 50% of the wages for the apprentice or trainee.
The ATO have committed to helping businesses during this difficult time stating "Once you contact us, we'll tailor a support plan for your needs and circumstances."