The announcement of the government’s Stimulus Package yesterday has everyone talking. Us included!
Many of our clients may benefit from the measures that have been announced.
We want to talk to you and will be offering a review of the measures to see how you specifically can benefit.
Below are the main areas that will impact our clients:
- An increase from $30,000 to $150,000 for business assets installed and ready for use between 12 March 2020 and 30 June 2020;
- Payments between $2,000 and $25,000 for eligible small and medium-sized businesses that employee staff;
- Wage subsidies of up to 50% for trainees or apprentices;
- Sickness payments of up to $560 for singles and $1,010 for couples if they need to self-isolate due to COVID-19;
- A one off $750 payment to welfare recipients.
For a PDF of the full details of the announcement, please click on the link below:
What you need to do:
When you are ready to discuss how these measures may impact you and your business, please contact our office to make an appointment.
We will also make contact with you after the end of March 2020 so we can give consideration to these measures as part of your Tax Planning process.