News

Keep up to date with Nortons

Posted On: April 9, 2020
JobKeeper Payment – Frequently Asked Questions
The JobKeeper program has been spoken about for a week or more now, and it was finally legislated yesterday, but still there are many questions in regards to how it will work and who is eligible. We do not have all the answers yet, but here are many FAQs answered, watch this space for more answers as we get them.
Continue Reading
Posted On: April 3, 2020
NSW Government $10,000 grant announced for small business
The NSW government has joined the Federal government in offering financial assistance to small businesses impacted by COVID-19. The basic details of the grant are in this article with specifics to follow when it is legislated.
Continue Reading
Posted On: April 1, 2020
Newsletter – April 2020
The overwhelming issue of the day is of course the coronavirus. The government's stimulus package launched in response to the crisis is welcome. We spell out what this means for different taxpayers, and how the measures will work. Also in this issue we examine the superannuation guarantee amnesty, an interesting quirk of the FBT rules regarding e-bikes, and the important choice of trustees with an SMSF.
Continue Reading
Posted On: March 30, 2020
$1,500 JobKeeper subsidy to keep staff employed
Yesterday the Government announced the $130 billion JobKeeper payment plan. The payments are to be made by the ATO in arrears to the employer with the payments starting in May. But how does this work and who is eligible? This article cover what we know currently, but there are a number of details that we do not know until the legislation is released including how the turnover reduction will be calculated and how sole traders, contractors, partners in partnerships will access the subsidy.
Continue Reading
Posted On: March 24, 2020
How to apply for Jobseeker Payment (formerly Newstart Allowance)
We have all seen the images of the long lines of people queueing outside Centrelink offices to apply for assistance. But there is another way - here is how to apply online.
Continue Reading
Posted On: March 23, 2020
The Second $66.1 bn Stimulus Package: What You Need To Know
The Government has released a second, far reaching, stimulus package. Here are the details of it.
Continue Reading
Posted On: March 17, 2020
Staying well informed
Links to the latest information on Coronavirus and the advice from all the local, national and world health organisations.
Continue Reading
Posted On:
The Stimulus Package: What you need to know
The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus.
Continue Reading
Posted On: March 10, 2020
Surviving a Crisis: Coronavirus and Beyond
Whether it is the coronavirus, fire or flood, the fact is if you are in business long enough you will almost certainly have to deal with an external impact on your business – bushfires, drought, GFC, SARS, 9/11, we’ve seen a few. The key is to react but not over-react.
Continue Reading
Posted On: March 2, 2020
A beginner’s guide to property depreciation
An article from BMT Tax Depreciation giving a 101 guide to property depreciation.
Continue Reading