Entries by AFS Bendigo

The second Cash Flow Boost is here!

The Federal Government is providing cash flow boosts to support businesses and not-for-profit organisations through the economic downturn associated with COVID-19. The first cash flow boost of up to $50,000 has been delivered and you should now be preparing for the arrival of the second boost.

End of Financial Year checklist

It can take some planning to get your finances in order for the end of financial year, and this year may look a little different, come 30 June. The COVID-19 pandemic may have impacted your circumstances and therefore your situation could have changed.

Client Update | June 2020

Winter is here and we are almost at the end of another financial year, and what a year it’s been! With so many Australians impacted by fires, floods, drought and now COVID-19, let’s hope the new financial year sees a more stable economic environment. AFS finalists in the Australian Accounting Awards AFS & Associates has […]

HomeBuilder Program – all you need to know

Announced on 4 June 2020, the HomeBuilder Program will provide all eligible owner-occupiers (not just first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. It is hoped HomeBuilder will help to support the residential construction sector including businesses and sole-trader builders, contractors, property developers, construction […]

Processing JobKeeper in your payroll software

If you qualify for the Government JobKeeper payments, it is important you update your payroll software so you can provide the Australian Taxation Office (ATO) with the information required in the correct format. If you process your payroll as normal or incorrectly there’s a chance your JobKeeper payments could be delayed or missed altogether.

JobKeeper Payment deadline extended

ATO extends initial JobKeeper payment deadline The Australian Taxation Office (ATO) announced changes to the JobKeeper deadlines for enrolment and payment requirements, these deadlines are:

Lease agreements – where do you stand as landlord or tenant?

The Prime Minister has announced a Code of Conduct (“the Code”) which outlines a set of principles for commercial landlords and tenants to operate within when negotiating any lease relief for tenants who are experiencing financial stress or hardship during COVID-19. A summary of the principles are: Eligible tenants must have an annual turnover of […]