AFS NEWS | Your partners in success

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.

Company officers now accountable for work-related death

As of 1 July 2020 a new law is in place that poses a major risk for Board Members and Company Executives.

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.

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 […]

jobkeeper payment

JobKeeper – how to start receiving your payments

From 4 May, the Australian Taxation Office (ATO) opened the final reporting requirements for the JobKeeper Scheme. The following steps will need to be completed before the JobKeeper payments will be processed by the ATO.

payroll software

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.