Business Investment Incentive
The stimulus package for small businesses offered by the Federal Government provides for an increased instant asset write off. We can help you understand the details.
Benefit from Cash Flow Support
Our bookkeepers in Melbourne can guide you about the eligibility criteria for receiving 100% payment of your PAYG Withholding amounts lodged via BAS. This applies to not-for-profit entities as well.
Retaining Apprentices and Trainees
Get assistance by us to apply for a wage subsidy of 50% on your apprentices and trainees between January 2020 and September 2020.
Friendly Bookkeeping Assistance
We, at AGI Bookkeeping, are working with renewed vigour to help small businesses claim the government stimulus package and boost their cash flow in the wake of the economic distress brought about by the COVID-19 pandemic. The affected businesses are being provided financial relief to manage their cash flow and retain their employees in the current lockdown scenario, which has put a brake on the commercial productivity. Our proficient bookkeepers in Melbourne can help you in claiming the Stimulus Package for Small Businesses that can keep your business afloat. The measures announced include increasing the instant asset write off threshold to $150,000 for businesses with a turnover of less than $500 million annually. Eligible businesses will also receive a tax deduction of 50% of the cost of an eligible asset on installation. It will enhance business investments and amplify economic growth over a short period.
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Financial Advice In Tough Times
With coronavirus shutting down all major countries and forcing businesses to go into hibernation, the ongoing economic crisis has engulfed the entire world. It is a challenging time for small businesses which are feeling the heat in difficult circumstances. However, it is not the end of the road, and the Government is doing its bit to pull the economy back up. The recently announced Business Stimulus Package 2020 focuses on improving the cash flow in organisations dealing with the unprecedented situation. You can rely on our bookkeepers in Melbourne to understand the deferrals offered by the ATO for the payment of income tax, submission of business activity statements, etc. If the turnover of your organisation is less than $20 million, then our professionals can aid you in changing your reporting cycle temporarily and claiming refunds and varying the PAYG instalments. The ATO will also consider decreasing penalties for COVID-19 affected businesses.
Need Support to Claim the Payments of Small Business Stimulus Package?
Contact us today for expert consultation on the matter from renowned and knowledgeable bookkeepers in Melbourne.
Supportive and Dedicated Bookkeepers
Most small businesses are concerned about the payment of salaries and wages to their best employees. Every organisation is dependent on the talent of its workforce and making them stay onboard can be challenging amidst the prevailing conditions. However, the Business Stimulus Package 2020 promises some fruitful measures for employee retention with wage subsidies. Our bookkeepers can assist you in processing payroll and lodging Single Touch Payroll so that you can focus on making significant business decisions. The Government is making sure that small businesses do not lose their human resources and is offering wage subsidy of 50% of the trainee’s or apprentice’s wage for nine months, starting from January 2020 to September 2020. In case an organisation is not able to retain an employee due to the slowdown, the subsidy can be utilised by the new business owner who employs the apprentice or the trainee. As per the Government Stimulus Package, the employers will be refunded with a maximum amount of $21,000 per eligible trainee or apprentice. The move will benefit nearly 70,000 businesses in Australia.
Our bookkeepers in Melbourne are the right people to seek advice on matters related to the Stimulus Package.
We are just a phone call away and will process the payroll and lodge the STP online without any hassles.
Help with Claims
We will help you to understand your eligibility and make claims for the Small Business Stimulus Package.
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