Changes to JobKeeper eligibility rules, announced on 14th August, mean we now need to revisit JobKeeper 1.0 to ensure your business stays eligible and to maximise your JobKeeper entitlements. Indeed, the changes may result in increased JobKeeper 1.0 payments for some businesses. The government has also announced a relaxation of eligibility criteria for JobKeeper 2.0.
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Entries by synecticgroup
As we continue to adapt to life with the coronavirus, the one certainty is how rapidly things can change, and predicting how the next six months unfolds would be anyone’s guess. Despite the uncertainty, both Federal and State governments continue to do all they can to assist businesses and the economy to respond accordingly.
The ATO continues to roll out much-needed details about JobKeeper Payments, allowing us to advise clients with increasing clarity. Recent information has served to broaden eligibility for some businesses and extend deadlines, opening pathways for more businesses to potentially benefit from the subsidy.
The roll-out of the JobKeeper program continues at a rapid pace. Is your business ready for the JobKeeper Subsidy?
We have now updated our COVID-19 Updates and Resources page to include some key insights into investment markets and economic conditions. This will be particularly relevant to our investor and financial planning clients.
The JobKeeper Payment, at $130B, is the single biggest economic support measure in Australia’s history. The more we hear and read, the more confident we are that this measure has definitely hit the mark and will be the saviour for many businesses and thousands of jobs.
The third and largest COVID-19 (coronavirus) support package to date is a $130 billion economic injection designed to save jobs for the next 6 months. In this package, businesses may be entitled to receive a fortnightly wage subsidy of $1,500 per employee. The so-called JobKeeper Payment is designed to keep people in work and the Government […]
The federal government continues to release a range of measures to support both business and individuals as a result of COVID-19. This update primarily focuses on the government’s second round of stimulus measures. We also outline key concessions announced to date by major banks and provide a brief update on state government announcements.
Federal and state governments have announced various measures to support the economy in the wake of the impact of COVID-19. In this summary, we address the key announcements to date, including Tasmanian state government and ATO support.
Congratulations Millicent Young, recipient of the 2019 Synectic University of Tasmania (UTas) ‘Scholarship in Business’. We award our annual scholarship to a UTas student entering the final stages of an undergraduate Business degree. The scholarship provides financial assistance and the offer of paid work experience, giving students a chance to be mentored by our experienced accountants.
Synectic is a Chartered Accounting and Advisory firm that brings together the skills of business advisers, accountants, taxation experts, financial planners, auditors, and self-managed superannuation experts.
Our team operates Tasmania-wide from Devonport, Hobart and Launceston offices.
Our mission is to enhance the prosperity of our people, clients and community.
We offer the depth of knowledge, specialist skills and resources usually associated with much larger firms. Yet our size, availability and flexibility enables us to develop an in-depth understanding of your business and financial affairs.
A: 49 Best Street, Devonport
P: (03) 6424 1451
A: 30 Burnett Street, North Hobart
P: (03) 6239 4900
A: Level 3, 46 St John Street, Launceston
P: (03) 6337 6777
M: PO Box 6003, Devonport, TAS, 7310