Entries by synecticgroup

Important Updates to Job Keeper 1.0 & 2.0

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.

COVID-19 Important Updates

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.

Important JobKeeper Updates

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.

Investment Markets and Economic Updates

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.

COVID-19 JobKeeper Payment update

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.

COVID-19 JobKeeper Payments

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 […]

COVID-19 Stimulus & Support Update

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.

2019 Synectic University of Tasmania (UTas) “Scholarship in Business” winner

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.