Authorising Documents & Expenditure in an Electronic World In an increasingly digitised world and with the impacts of COVID-19, the next natural step is for organisations to implement electronic approval processes (e-signing). We are beginning to see organisations commence the use of electronic signatures to sign documents and to authorise transactions. What are e-Signatures? Electronic
Category: COVID19
COVID-19 QLD Government Provides Coronavirus Land Tax Relief
The Queensland Government has announced land tax relief measures in light of the effects of the coronavirus on landholders and tenants. What is the Land Tax Relief Available? Landowners may be entitled to one or more of the following relief measures: Land tax rebate – reduction in land tax liability of 25% for eligible properties
COVID-19 ATO Announces Shortcut Method for Employees Working from Home
Employees Working from Home – Calculating Running Expenses The ATO have announced certain changes as a consequence of the coronavirus and the number of employees working from home. In addition to the existing options of the “fixed rate method” and “actual cost method”, the ATO are allowing a new simplified method to calculating additional running
COVID-19 JobKeeper Wage Subsidy Payment Update 13 April 2020 – Information for Employers & Sole Traders
The JobKeeper Payment has now been legislated by Parliament, and the eligibility rules have been officially released by Treasury, broadly in line with earlier guidance. The updated Treasury fact sheet can be found here: https://treasury.gov.au/coronavirus/jobkeeper The rules and other guidance are best summarised in the Treasury fact sheet JobKeeper payment – Frequently asked questions: https://treasury.gov.au/sites/default/files/2020-04/JobKeeper_frequently_asked_questions_2.pdf
COVID-19 – ASIC Media Release – ASIC Extends Financial Reporting Deadlines for Companies
ASIC today announced that it will extend the deadline for unlisted entities to lodge financial reports under Chapters 2M and 7 of the Corporations Act 2001 (the Act) by one month for balance dates from 31 December 2020 to 31 March 2. Please click on the image below to view and download the pdf. If
Staying the Course – Still
We hope you are all staying well and keeping safe. The Team at TNR Wealth is here to assist you at all times and our message during this remarkable time remains unchanged; Stay the course. In the same way we are being asked to work from home and social distance for an extended period of
COVID-19 Commercial Tenancies
NATIONAL CABINET MANDATORY CODE OF CONDUCT (“CODE”) SME COMMERCIAL LEASING PRINCIPLES DURING COVID-19 (Last updated 7 April 2020) On 7 April 2020, The Hon Scott Morrison announced a set of “good faith leasing principles for application to commercial tenancies” and “to aid the management of cashflow for SME tenants and landlords on a proportionate basis”
Incentives for New South Wales Businesses
Following is a summary of the key relief incentives released by the NSW government, which is current as at 3 April 2020. NSW Stimulus Stage One: announced 17 March 2020 Waiver of a 25% of 2019-2020 payroll tax for businesses with grouped Australian taxable wages of up to $10 million. How to apply: Revenue NSW
The Importance of Staying Invested in Volatile Times
TNRWealth utlises MorningStar as one of its investment research partners due to its size, expertise and capability. Please click the following article/and video to highlight the current market conditions. For more information or to speak to one of our Financial Advisers please contact TNR Wealth Management on 02 6621 8544. Disclaimer Past performance is not
Staying the Course
The Team at TNR Wealth is here to assist you at all times. In times of uncertainty it is important to take the following approach to asset your protection by: utilising existing cash reserves; maintaining and continuing to contribute to your asset portfolio if manageable; and staying the course. What do we mean by “staying
COVID-19 | JobKeeper Wage Subsidy Announcement Information for Employers & Sole Traders
The Federal Government has announced its intention to pass the JobKeeper payment program which is designed to support employees and businesses affected by COVID-19. This is a long awaited stimulus measure that assists employers in retaining their workforce. In summary, the proposal is for a wage subsidy, dubbed the JobKeeper payment, to be made to
COVID-19 Charities granted Reporting Deadline Extension
The Australian Charities and Not-for-profits Commission (ACNC) has given charities affected by the COVID-19 crisis additional time to submit their Annual Information Statements (AIS). The recent measures taken by the Australian Government to flatten the coronavirus curve will make it difficult for charities to meet their reporting deadlines as they relate to the 2019 AIS.