Additional covid-19 support
Late last week, additional financial support was announced for businesses impacted by the recent South East Queensland and Cairns lockdowns. Under the package, businesses in the state which have experienced a 30% reduction in turnover will be able to apply for payments of: $1,000 for non-employing sole traders $5,000 for small businesses with a payroll […]
Tourism and hospitality sector support
The Queensland Government has today announced further relief packages for tourism and hospitality businesses impacted by the recent COVID-19 lockdowns in South East Queensland and Cairns. Payroll Tax Deferral Eligible tourism and hospitality businesses that lodge payroll tax returns monthly can apply to defer paying their payroll tax liability due in August 2021 for 6 months. If they […]
Covid-19 financial support
Prior to the Cairns three day lockdown, many businesses in the region were struggling after a decline in visitor numbers caused by lockdowns in South East Queensland and other states. The Cairns lockdown, although hoped to be short, will undoubtedly increase the number of businesses impacted by COVID-19 lockdowns. To help businesses through this difficult […]
Happy new financial year & what to action
Single Touch Payroll – Annual Finalisation All employers must complete their STP Finalisation declarations by 14 July 2021. The ATO recognise the effects of COVID-19 and are allowing these finalisations to be completed up until 31 July 2021. Change to Superannuation Guarantee Rate From 1 July 2021, the superannuation guarantee contribution rate increases to 10%. This will […]
2021 Budget Wrap Up
On Tuesday 11th May 2021, the Treasurer handed down the Federal Budget which sees a continuation of the Government’s focus to support the economy through a COVID-19 induced downturn. This Budget sees a high level of spending continue – the 2021 budget deficit is $161b and net Government debt is forecast to reach $980b by 2025. […]
Announced: QLD Government – Small Business Grants
As part of the recently developed economic recovery plan, the Queensland Government has announced three new grants to support small business. The grants are designed to provide a further $25 million to small businesses to help them to survive and thrive amidst the pandemic. Business Growth Fund (BGF) – $50,000 The BGF targets high-growth businesses […]
Federal government tourism industry stimulus package announced
Recently, the Federal Government has announced a post-JobKeeper stimulus package to assist the travel and tourism industries. Travel Incentives – Tourism and Business The first support package is designed to support the tourism industry by offering around 800,000 half-price airfares from 1 April 2021 to select holiday locations. The subsidy is available to some regional […]
Welcome to our Graduate Accountants
Halpin Partners is pleased to welcome four Graduate Accountants to the team following our first summer internship. Mantej Dhother, Danielle Bradley, Sugandh Goindani and Ashveen Brar are the newest members of the Halpin Partners team, hailing from JCU, CQU, UQ and USQ, respectively. Graduate Coordinator Hugh Sanson says the family-style business offers a very different […]
2020/21 Federal Budget Recap
With all of the unpredictability that is 2020, the Federal Government has followed suit by delivering a Budget in October rather than the usual May timeframe. As expected, the overshadowing theme of this year’s Budget is COVID-19 relief and an economic recovery plan that provides incentives for both individuals and businesses. In this newsletter, we […]
Jobkeeper: Key Date Changes in January 2021
There have been some key date changes in relation to the upcoming lodgements for JobKeeper declarations. Wage condition for JobKeeper Fortnight 20 For JobKeeper Fortnight 20 (21 December 2020 to 3 January 2021), the ATO is allowing employers until Monday 4 January 2021 to meet the wage condition for their eligible employees or business participant. […]