Latest News

Without doubt, the pressures of the past 18 or so months have been immense for business owners. As vaccination rates increase across the country, Australians are looking ahead to the roadmap back to a more typical life, albeit one with COVID-19 ever present.

In this month's client update, we look at the debate between business and health interests, as well as provide some information about a new Beyond Blue program designed to help business owners navigate the stresses and challenges in the current economic landscape.

We also review two challenges that impact your super: what happens to super when you are going through divorce and how the recent compensation payments resulting from financial services organisations could impact your contributions cap.

We are here to help. Please contact us on 02 9957 4033 for assistance.

	Update: Changes to JobSaver Eligibility Requirements The changes to JobSaver eligibility requirements has the potential to create a redtape headache for business owners.
	What now? Unwinding the Pandemic The roadmap out of COVID lockdowns is creating significant debate –and divide--between health and business interests, not to mention employees, contractors, and casual staff.
	Divorce, Superannuation and the Gender Divide From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual's superannuation information to a family law court.
	Did your super fund receive a compensation payment? Is a financial services compensation payment to your superannuation fund a contribution?
	Mental Health Support for Business Owners There is little doubt that COVID-19 lockdowns and disruptions to trade has caused intense financial pressure for business owners. A new program from Beyond Blue is providing support they need.
	Reconfirmation process for JobSaver & the Micro-business Grant The JobSaver and Microbusiness Grant has undergone numerous changes since being announced. If you a recipient of either, you now need to reconfirm your eligibility.

Follow Bates Cosgrave on Linkedin, Facebook or Twitter

Disclaimer

This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.