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.

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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 expects up to 6 million people will benefit from the subsidy.

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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.

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COVID-19 Economic stimulus package: key points for your business

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.

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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.

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Celebrating lasting relationships at Synectic

In 2019, three of our valued staff celebrated a combined 45 years with Synectic! Thank you and congratulations to Naomi, Kim and Vaughn.

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New Synectic Principal, Danny Hoare

The directors and staff at Synectic would like to congratulate Danny Hoare on his appointment to the role of Principal.

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Welcome to the team Kernan & Co Chartered Accountants

We are delighted to announce that Wayne and Fiona Kernan and their staff at Kernan & Co Chartered Accountants have merged with Synectic.

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Federal Election Promises Compared

With only two more sleeps until the 2019 Federal election, Australians have a plethora of promises to consider. We’ve found a very helpful comparison of the two major parties’ tax policies, released by The Tax Institute.

To a large extent, the parties have sought to differentiate themselves through their tax policies. Their proposals present two different versions of Australia. In the Coalition’s 2019 Budget, we were presented with a long-term plan for “lower, simpler, fairer taxes”. Labor have presented their response as a plan for a “fair go”.

Our views below are simply related to the parties’ tax policies in isolation, and how these might affect our clients. Of course, you will need a  broader perspective to assess the overall merits of each party.

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February 2019 Newsletter

This month we have some simple tips to get the cash flowing in your business, and an update regarding Single Touch Payroll. Vaughn shares his thoughts on Artifical Intelligence and how it might impact our personal lives, and we ask you to think about where your superannuation death benefits will go when you pass away (it’s probably not your favourite topic, but it might be simpler to deal with than you think).

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