
COVID-19 Frequently Asked Questions
On this page, FinCare answers common questions about COVID-19, including the following topics:
Information for business owners Cash flow assistance payment Information for apprentices and trainees Mortgage information Superannuation information…

Support for employers
ASSISTANCE TO HELP PAY WAGES OF APPRENTICES AND TRAINEES
Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice’s or trainee’s wage paid during the 9 months from 1 January 2020 to 30 September 2020. Where a…

NSW State Government Stimulus Package
BUSINESS SUPPORT AND JOBS
The NSW State Government announced the following stimulus packages on 17th March 2020:
$450 million for the waiver of payroll tax for businesses with payrolls of up to $10 million for three months (the rest of…

Business Stimulus Package
ENHANCING THE INSTANT ASSET WRITE-OFF
The government is increasing the instant asset write-off (IAWO) threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million…

Income Support for Individuals
INCREASED AND ACCELERATED INCOME SUPPORT
The Government is temporarily expanding eligibility to
income support payments and establishing a new, time-limited Coronavirus
supplement to be paid at a rate of $550 per fortnight. This supplement…

Superannuation changes
NEW SUPERANNUATION MEASURES
As part of the COVID-19 Stimulus Package, the Federal Government has announced the following measures in relation to superannuation:-
Sole Traders and Individual taxpayers in "Financial distress" as a result…

Start-up businesses: Which is the right structure for you?
Start
up businesses need to make one important decision from the outset – what type
of business set-up will suit your enterprise best? And which structure will be
best for the future?
You've got a choice of four
basic business structures…

10 important tips for business owners
As a business owner, there is
always something to do, however many owners often spend more time working in
the business than they do on the
business.
Here are ten simple management
tips to help you maintain a successful business in good…

Good records save small businesses
According to the Australian Taxation Office
(ATO) many small businesses fail due to poor record-keeping. Aside from the
legal reasons, there are many financial reasons for making sure your books are
in order.
Every small
business owner knows…