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Blog COVID-19 Standing Down Employees During LockdownBusiness AdviceCOVID-19

Standing Down Employees During Victoria’s 5 Day Short-Circuit

Well, I don't think any of us were surprised by the announcement of a 5-day statewide lockdown, especially given how other states have reacted to, and overcome similar outbreaks. Over the weekend I have had quite a few questions about the treatment of employees who have no work for the next three days (hopefully it is only three days!). The reassuring thing is that nothing has changed on this front, the requirements about this have been in place for quite…
Blog Post - Australian Governments JobMaker ProgramBusiness AdviceCOVID-19

JobMaker Hiring Credit

You may not have heard the BIG Government headlines in last year’s budget, JOBMAKER, but more specifically it is the JobMaker Hiring Credit. Jobmaker is designed to help accelerate business growth in the employment of young people during the COVID-19 recovery. The JobMaker Hiring Credit will be available to ALL employers for each new job they create over the next 12 months for which they hire an eligible young person, aged 16 to 35 years old. This all sounds amazing,…
Further Support Announced for Victorian Business through COVID-19 Crisis - By The Numbers Accounting BlogBusiness AdviceCOVID-19

Further Support Available For Victorian Businesses Facing Tougher COVID-19 Restrictions

We are now all facing further restrictions in response to the spread of COVID-19. Stage 4 restrictions are in place from 6pm on Sunday 2 August for metropolitan Melbourne. Stage 3 restrictions are in place from 11:59pm on Wednesday 5 August for Regional Victoria, including Mitchell Shire. Most workplaces in Metropolitan Melbourne will now see mandatory closure or new limitations on business, prompting the Victorian Government to announce additional financial support for employing businesses throughout Victoria. One-off grants will be…
Centrelink Assistance during the COVID-19 Crisis - By The Numbers Account BlogCOVID-19

Centrelink assistance for individuals affected by COVID-19

By The Numbers have put together an information piece and ‘how-to guide’ for applying for Jobseeker or Youth Allowance, in response to the effects that COVID-19 are having on the community. We will run over what makes an individual eligible to successfully apply for the Jobseeker or Youth Allowance assistance and how to submit your application. Beginning on April the 27th, eligible individuals who are stood down or sacked permanent employees, sole traders, self-employed or casual workers earning less than…
Arts Sector Funding during COVID-19 Crisis - By The Numbers Accounting BlogCOVID-19Business Advice

Funding for the Arts Sector: What’s available and how can you access it

The Australian Federal Government has initiated a $250 million package of funding to support cultural and creative projects and initiatives to support the industry through COVID-19. The arts funding is aimed at kick-starting the sector with funding preferencing commercial initiatives that generate jobs and are expected to have a positive economic impact. That is, this is an economic package as opposed to creative or cultural funding. Below is a table detailing the funding available:Outside of the funding package, SupportAct received…
Digital Security Advice - By The Numbers Accounting BlogIT SecurityBusiness AdviceCOVID-19

Scam Activity Escalating During COVID-19

Scamming is, unfortunately, something that all individuals and businesses have to deal with. As more and more information becomes available on the web, we can bet that we will continue to have to deal with online scams. Sadly, scammers are making the most of the circumstances surrounding coronavirus and exploiting the concerns and fears of every individual they can. It can be difficult to identify whether or not a notification you’ve received online is official or not. Many people have…
JobKeeper FAQ - By The Numbers Accounting BlogJobKeeperCOVID-19

JobKeeper: FAQ

The team at By The Numbers thought it may be helpful to share with you all some frequently asked questions around the new JobKeeper payments! Can two different businesses claim JobKeeper payments for the same individual? No. Only one claim per individual for JobKeeper payments can be made. An entity cannot claim JobKeeper payments for an individual if there is already a JobKeeper claim being made by another business or employer for that individual. Can a sole trader with more…
Tax Return Time 2020 Home Office Expenses - By The Numbers Accounting BlogCOVID-19Tax

Australian Tax Office Announcements for Home Office Expense Claims

Recently we published an update on deductions to claim in your next tax return regarding home office expenses. The government has announced today some changes to how you can claim your home office expenses. Make sure you read our first article on this topic. Now let’s get into the updates and new outlines.As stated previously, when working from home as your primary place of business due to being affected by COVID-19, you may be able to claim running expenses, occupancy…
Mortgages on Hold during COVID-19 Crisis - By The Numbers Accounting BlogCOVID-19

Banks Putting Mortgage Repayments On Hold During The COVID Crisis

As many businesses are facing hardship due to the effects of COVID- 19 and the mandatory restrictions on businesses that have been enforced by the government, Australians with ongoing mortgage obligations are inevitably feeling the pinch. So what is the latest on the big banks allowing mortgage repayments to be put on hold? Well, the big four banks have each announced that people will be able to place their mortgage repayments on hold as a result of being affected by…
Further Details on the JobKeeper Payment - By The Numbers Accounting BlogJobKeeperBusiness AdviceCOVID-19

JobKeeper Payment

Finally some relief and support for those self-employed operating under as a sole trader, trust, company, or partnership, but you were not paying yourself a wage. IF YOUR BUSINESS REVENUE DROPS BELOW 30% then you will be entitled to receive the JobSeeker payment from the government. We still DO NOT have details around the mechanisms of JobKeeper payment, hopefully, we will know more early next week. Following registration by the eligible business (we will provide further details shortly), the Government…