Here is a quick rundown of our main takeaways from the latest and greatest happening in the economy right now as a result of the mania that is COVID-19 aka the Coronavirus. This is really short & sweet and I encourage anyone who wants to chat further on this to give us a call or drop us an email anytime to discuss: 🤙📱📧

Economic Stimulus Package released by the Government today! 💵
💥 If you withhold PAYG from your staff, you will get 50% of your liability credited back up to a maximum of $25k cash back! Depending on how you lodge, this is either from the period January to June or March to June 2020. HUGE NEWS! ⚡️ This is a game changer for small business, we are now actively planning for how our clients can best benefit from this while it’s available
💥 The Australian Government has increased the immediate asset write off from $30k to $150k, which is a huge tax incentive
💥 For businesses that employ apprentices and trainees you can apply to have 50% of your apprentices or trainees wage covered from January 2020-September 2020 up to a maximum of $21k 🔨
💥 The government will provide a one-off $750 payment for a range of income support recipients & eligible concession card holders. Can be used on toilet paper… 🧻

In other news… 
💥 The ASX has dropped 7.2% today! Which leaves the share market almost 26% down on this time 3 weeks ago. If you don’t think that the world is going to end, then now might be a good time to speak to a financial planner about investing in the stock market. We have great FP’s in-house, sing out if you want to touch base to discuss!
💥 We have business turnaround specialists in house that may be able to offer advice and assistance if your business has been struggling with these recent events. This can include restructures, funding, grants etc. 💰

Don’t dig your head in the sand! Reach out on any of the above points for help! Contact me on:📱0422 531 543 or 📧