Do you have apprentices and trainees?
|by Linda Bergesen|Business Advisory
Do you have apprentices and trainees?
Wage subsidy for of 50% of an eligible apprentice or trainee’s wage
If you have apprentices or trainees, you may be eligible to apply for a wage subsidy under the JobTrainer package, introduced by the government.
Your small business may be eligible for subsidy relating to wages between 1 July 2020 and 31 March 2021 if:
- You have fewer than 20 employees
- You are using a Group Training Organisation
- The apprentice or training was undertaking an Australian Apprenticeship with you on 1 July 2020
Your medium-sized business may now be eligible for subsidy relating to wages between 1 July 2020 and 31 March 2021 if:
- You have fewer than 200 employees
- You are using a Group Training Organisation
- The apprentice or training was undertaking an Australian Apprenticeship with you on 1 July 2020
Subsidies will also be available to any new employer who re-engages an eligible apprentice that was displaced by an eligible small or medium sized business.
According to the Australian Government, Department of Education, Skills and Employment, ‘Eligible employers will receive a wage subsidy of up to 50 per cent of the wages paid worth up to $7,000 per quarter, per eligible apprentice or trainee, reimbursed in arrears.’
For further information on eligibility and how to apply, you may contact an Australian Apprenticeship Support Network provider:
https://www.australianapprenticeships.gov.au/search-aasn
Cordner Advisory - Your Business Advisory, Accounting & Tax Specialists. Catering for clients all across Australia, from the golden beaches of the Gold Coast and Sunshine Coast to the capital cities such as Brisbane, Sydney and Melbourne
Blog
Related news
Side Hustles Front of Mind with the ATO this Tax Season
Business Advisory
Details have recently been announced, that the Australian Taxation Office (ATO) is paying close attention to undeclared income from secondary work, including from the sharing or ‘gig’ economy this tax year.
By Steve Payne
Updated Car Limits
Business Advisory
There are updated car threshold amounts from 1 July as follows...
By Linda Bergesen
Support for business – refundable tax offset under the temporary loss carry back arrangement
Business Advisory
The economic impacts of COVID-19 and the implementation of the government’s tax relief measures, including the temporary full expensing, will likely see an increase in tax loss positions for many SME’s
By Caitlin Fruk
Annual reporting for Queensland Building & Construction Commission (QBCC) licensees
Business Advisory
Contractor-grade licencee under the QBCC Act must provide financial information to QBCC ensuring the licensee meets the minimum financial requirement (MFR)
By Jun Yang
2021 COVID-19 Business Support Grants for lockdown-impacted businesses in Queensland
Business Advisory
Your business or not-for-profit organisation may be eligible for a $5,000 grant if you're impacted by the Queensland lockdowns that commenced at 4pm, Saturday 31 July 2021.
By Jarrad Young
Jobmaker Hiring Credit
Business Advisory
The Job maker hiring credit is an incentive for employers to employ young job seekers aged between 16-35 years. It is available to the employers that creates new positions for eligible young people between 7 October 2020 and 6 October 2021.
By Zeel Tanawala
Post JobKeeper Stimulus package
Business Advisory
There are a couple of measures announced during the week by the Morrison government as post JobKeeper stimulus package worth $1.2 billion.
By Jun Yang
Government extends apprenticeship wage subsidy scheme
Business Advisory
The Government is extending and expanding the Supporting Apprentices and Trainees wage subsidy under the Boosting Apprenticeship Commencements Program.
By Kamil Qureshi
Cryptocurrency – ATO’s “Good faith” approach won’t last much longer
Business Advisory
While it has been expected for a while that the ATO would start to ramp up the auditing around cryptocurrencies, it has yet to put the funding into such a scheme.
By Shaun Ralph
Do you have apprentices and trainees?
Business Advisory
Wage subsidy for of 50% of an eligible apprentice or trainee’s wage
By Linda Bergesen
JobKeeper Extension
Business Advisory
JobKeeper extension 2 starts from 4 January 2021 and it runs till 28 March 2021. Eligible employers must submit the new turnover decline form to the ATO regardless you are existing or new participants.
By Jun Yang
JobMaker Hiring Credit - what it is and who is eligible to apply?
Business Advisory
The JobMaker Hiring Credit was introduced by the Australian Government to provide incentive for employers to hire young job seekers by delivering a payment to employers to help support the new employee’s wages cost.
By Kamil Qureshi
Personal Property & Securities Register (PPSR) Do you really know who owns that asset?
Business Advisory
Although we have been operating under the Personal Property Securities Act 2009 (Cth) (PPSA) for a number of years (became law 30 January 2012), this area of law continues to generate disputes because of the complexity of the legislative regime and the ramifications of being an unsecured creditor of an insolvent entity.
By Steve Payne
Impact on main residence exemption due to home office expense claims
Business Advisory
Due to COVID-19, many taxpayers have now started working from home either temporarily or some taxpayers have now made this as a permanent arrangement with their employers.
By Kamil Qureshi
Issues for Company Directors
Business Advisory
Directors may be personally liable for certain actions by the company including situations of insolvent trading and failure to meet employee (PAYG and superannuation guarantee), or GST obligations
By Michael Courtin
JobKeeper 1.1
Taxation and Compliance, Business Advisory
The government has announced on 14 August 2020 for the extension on the JobKeeper payments till 31 March 2021.
By Jun Yang
Importance of Cash Flow Forecasting for Small Businesses
Taxation and Compliance, Business Advisory
To alleviate some of the mystery and anxiety around cashflow for a small business, it is important to have in place a fluid and accurate cash flow forecast.
By Zoe Farnworth
COVID 19 - Commercial, Retail and Residential Tenant Protections
Business Advisory
Land tax relief, eviction freezes, and rental support are part of new measures to protect individuals, businesses and jobs during the COVID-19 crisis
By Sophie Shepherd
Am I eligible for the JobKeeper payment?
Business Advisory
During this trying time, the Australian Government has dug in deep to help Small Businesses maintain momentum. Currently to date job loss around the country sits at more than 700,000 and is continuing to rise.
Covid_19 Update
Business Advisory, Taxation and Compliance
With the crisis escalating at an exponential rate, we do note and appreciate the elevated levels of concern in our community
By Jarrad Young
Why Business Planning Isn’t Just for Start-ups
Business Advisory
A business plan is often associated with new business, a document prepared during the start-up phase to assess the viability of a business or to support finance applications.
By Zoe Farnworth
Important: An update on CORDNER ADVISORY’s response to COVID-19
Business Advisory
In light of the recent developments around the Coronavirus (or COVID-19) and the uncertainty we are all facing at this time, we felt it important to email you to assure you that we expect no major interruptions to the services that we provide to you.
By Jason Cordner
Stimulus Package
Business Advisory, Taxation and Compliance
Morrison government unveiled $23 billion stimulus package during the COVID – 19 crises in the hope to avoid Australian economy sliding into recession.
By Jun Yang
Why you need a business plan
Business Advisory
You may be wondering why you need a plan in the first place. After all, you have a clear idea in your mind about what you want to achieve.
By Shaun Ralph
Director Penalty Notices (DPN): Coverage to be extended
Business Advisory
Whilst Director Penalty Notices (DPN) have been around for some time, protecting employees by ensuring the payments due to be remitted on their behalf are made, recent legislation changes have extended the DPN regime to include unpaid GST.
By Steve Payne
Dodgy ‘phoenix’ firms are facing a crackdown
Taxation and Compliance, Business Advisory
Companies rising out of the ashes to avoid paying tax, wages and other debts will face a crackdown when regulators get increased powers.
By Jarrad Young
Importance of Organised Data
Business Advisory
Whether your firm has taken the move toward a paperless data system, or you maintain physical files, organisation is key to keeping a functional filing system. An organisational tactic you can adopt in your business is the use of naming conventions on files.
By Lara Sorrentino
Get Your Business up in the Cloud
Business Advisory
Welcome to the 21st century, where almost anything can be done with the click of a button!
By Lara Sorrentino
Small Business Entrepreneur Grants Program
R&D, Grants and Taxation Entitlements, Business Advisory
The Queensland Government, through the Department of Employment, Small Business and Training (DESBT), has made grants available to newly started small businesses to enable them to access professional advice and support in the critical early stages of establishing a business
By Kamil Qureshi
Budgets Are Important
Business Advisory
A realistic budget is one of the most important tools for guiding your business and providing the information necessary to operate within your means. Without a budget, it’s like shooting in the dark. A solid budget identifies currently available capital, estimates expenditures, and anticipates revenues. You should continually refer to your business' budget as a way of measuring performance against expectations.
By Shaun Ralph
The difference between a budget and a forecast
Business Advisory, Taxation and Compliance
A budget is a financial plan, derived based on where you want your business to go
By Linda Bergesen
Changes to Company Loss Rules - The Similar Business Test
Business Advisory, Taxation and Compliance
In February 2019, the Federal Government enacted changes to the company loss rules, which were first announced in 2015.
By Michael Courtin
How to reach inbox zero
Business Advisory
The following is an article from Ben Fewtrell of Max My Profit. He gives some great tips on how to achieve the promised land of an empty email inbox.
By Shaun Ralph
How can businesses make use of Google to grow?
News, Business Advisory
Research shows that every month a single google search drives millions of direct connections between businesses and their customers which include information such as phone numbers, direction to the business and services like online reservations and buying and selling.
By Kamil Qureshi
Reasons Why Your Business Should Have a Strong Social Media Presence
Business Advisory, News
Statistics show that in 2017 the total users of social media around the globe were 2.77 billion with more than 500 million daily users liking more than 4.2 billion posts per day globally.
By Kamil Qureshi
What is business intelligence and why it matters
Business Advisory
Business Intelligence (BI) refers to the tools, technologies, applications and practices used to collect, analyse and present an organisations raw data in order to create insightful and actionable business information.
By Shaun Ralph
Labour Hire Arrangements – Do you need to Register?
Business Advisory
Recent changes under the Queensland Labour Hire Licensing Act 2017 has meant that from April 2018, all employers who engage in the hire of labour to other entities will need to be registered.
By Steve Payne