Darren Berson | Reputations

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JobKeeper 8th May Payroll Deadline

Yes. The information released by the Tax Department states that for the first two JobKeeper fortnights, it would accept an employer has paid the minimum $1,500 payment for each fortnight even if it has...

28/04/2020 5
Asked a question
JobKeeper 8th May Payroll Deadline

I own a café and with my current cash flow issues I have not paid my employees the minimum $1,500 in the first JobKeeper fortnight. Can I still apply for JobKeeper for that first fortnight?

28/04/2020 2
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JobKeeper Payment

Yes, provided you can satisfy all of its conditions. One of those conditions is that you are actively engaged in the business. This is a question of fact. There is currently no guidance on what this terms...

27/04/2020 5
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Instant Asset Write Off – General Pool

The amendments in the Coronavirus Economic Response Package Omnibus Bill 2020 provide that if the balance of a small business entity’s general small business pool is less than $150,000 at the end of...

27/04/2020 5
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Instant Asset Write Off – Delay Being Installed.

There is currently nothing in the legislation (or any government announcements to date) for the new instant asset write-off to cater for this, or to provide any flexibility in relation to the requirement...

27/04/2020 5
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Instant Asset Write Off – How Does It Work?

In order to access the new instant asset write off threshold of $150,000 your business needs to be a trading business and pass a turnover test. As a small business I assume you pass that test. The instant...

27/04/2020 5
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JobKeeper Sole Trader Gets a Job

As a sole trader you need to be treated as an “eligible business participate” in relation to your business and as such you need to continue to be actively involved in your painting business. Will you...

27/04/2020 5
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JobKeeper Timing of Lodging BAS.

No: The rules require the Tax Commissioner to pay JobKeeper payments no later than the later of: 14 days after the end of the calendar month in which the fortnight ends; and 14 days after the Tax...

27/04/2020 5
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27/04/2020 5
Asked a question
Instant Asset Write Off - General Pool

Can general pool balances under $150,000 be fully written off at 30 June 2020?

27/04/2020 2
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Instant Asset Write Off - Delay Being Installed.

If I have ordered some equipment that is eligible for the instant asset write off and there is a supplier delay that prevents the asset being installed ready for use before 30th June 2020 will that be...

27/04/2020 2
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Instant Asset Write Off - How Does It Work?

I own a small business and operate as a Company. How does the instant asset write off reduce my tax liability?

27/04/2020 2
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JobKeeper Sole Trader Gets a Job

I have a painting business and operate as a sole trader. With the current Covid 19 issues I have no work booked for the next two months or so. Fortunately I have been offered some casual work for the next...

27/04/2020 2
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JobKeeper Timing of Lodging BAS.

My husband and I operate a small business and wanted to know if we have to wait until we lodge our BAS before we get JobKeeper payments from Tax Department.  

27/04/2020 2
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27/04/2020 2
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08/04/2020 10