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COVID-19 Finance Update Webinars

Are you worried about the implications COVID-19 could have on your personal or business loans? Are you looking to refinance to get over this difficult time? In case you missed our webinars on these topics, we have provided you with the recordings. …
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Varying PAYG instalments because of COVID-19

PAYG instalments is a system that helps you manage your expected tax liability on income from your business or investments for the current income year by making smaller regular payments. To assist taxpayers experiencing financial difficulty…
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Instant asset write off extended to 31 December

Note that the boost to the instant asset write off rules that the government put in place to help stimulate the Australian economy in the face of the COVID-19 crisis has been extended to the end of this year. Businesses with a turnover of up…

COVID-19 and residential rental property claims

Many residential rental property owners have had their rental income affected by COVID-19. As a result of this income year not being business as usual, the ATO has provided answers to some typical scenarios that may crop up in this area for…

COVID-19 corporate residency concession

The ATO has announced an important tax residency concession for foreign incorporated companies during the COVID-19 crisis. Background On 24 March 2020, the government announced a ban on Australians travelling overseas, using powers…
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Rental (passive) income and ‘carrying on a business’ for JobKeeper eligibility

When assessing eligibility for JobKeeper assistance, the first question that must be answered is whether the entity was carrying on a business as at 1 March 2020. This question is of particular relevance to entities that have solely or predominantly…

Working from home

Conditions of working from home In general, the deductions you can claim depend on whether: you have a work area – a room such as a study or spare room is set aside primarily or exclusively for work activities but your home isn't your…

JobKeeper Payment

The JobKeeper Payment is a payment made to eligible businesses and not-for-profits affected by the Coronavirus to support them in retaining employees. Eligible businesses that elect to participate will receive a payment of $1,500 per fortnight…

Child Care Sector Relief Package

The Federal Government has just announced a relief package for the child care and early childhood education sector (‘child care sector’). The relief package is designed to: provide free child care to around one million families; andensure…

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…