A burst bubble is a setback, not a disaster. Don’t make rash decisions.
The bubble has burst in WA and we need to join the rest of the world in accepting the reality that Covid is here. What we do know is that the world economy has not collapsed, businesses in WA have been relatively sheltered and we are more aware of how we can react to outbreaks. Our first case in 10 months is a setback but not a disaster.
We have a five day lock down to regroup and contain the virus to the best of our ability. We have systems established for working from home or working in a covid safe work place. We have hand sanitiser, cleaning products and access to masks. McGowan did warn us in recent weeks to get a mask for every member of the household in case of an outbreak. If you haven’t got a mask see the government link make your own mask from items you have at home.
A 7am designated hour walk this morning indicated that everyone is doing their bit to stop the spread – with masks and social distancing implemented. Lucky for us in WA our wide open spaces and smaller population means social distancing is really not so difficult. Let’s just hope the chaos and panic buying in the supermarkets yesterday does not result in far greater spread. Remember that supermarkets are still open. Your best bet is to stay local, buy local and support local.
Onto business news, because we know now that a five day lock down is not a five day holiday.
Do not make rash decisions for your business or employment. If you need advice, contact us. We will be working and available as usual. Contactable via our usual channels:
To speak with our directors Simon Terry or Jodi Bradley you can call, organise a zoom meeting or email directly to
Simon@portersca.com or Jodi@portersca.com
We are here to help.
Business opportunities, grants and key dates
Business Events Grant Opportunity
The Business Events Grant helps Australian businesses take part as buyers or sellers at business events such as exhibitions, conferences, and conventions. It aims to ease the financial pressure for event organisers and to encourage businesses to attend business events.
You can apply until 30 March 2021 to get funding of $10,000 per entity up to a maximum of $250,000. Events must be pre-approved and held from 1 January to 31 December 2021.
Upcoming JobKeeper Key Dates
The following are the upcoming key dates and required actions for entities:
28 January 2021 – business monthly declarations due for December JobKeeper fortnights
Eligible entities can complete their business monthly declaration from 4 January 2021 to be reimbursed for payments made to their eligible employees in JobKeeper fortnights 18, 19 and 20 (23 November 2020 to 3 January 2021).
The ATO will continue to process monthly declarations to reimburse employers for payments for the month of December past the usual due date of the 14th of the month, until Thursday 28 January 2021.
31 January 2021 – meet wage condition for JobKeeper fortnights 21 and 22
For the JobKeeper fortnights 21 and 22 (starting 4 January 2021 and 18 January 2021), the ATO is allowing employers until Sunday 31 January 2021 to meet the wage condition for their eligible employees.
This is to make sure that employers have paid their eligible employees before claiming JobKeeper payments in their February monthly business declarations.
Contact us if you have any questions.
Upcoming Tax and Superannuation Deadlines
Here are the upcoming due dates you need to look out for:
28 January 2021
Make quarter 2, 2020–21 super guarantee contributions to funds by this date. Those who fail to pay minimum super contributions for quarter 2 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) by 28 February 2021.
31 January 2021
Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 2, 2020–21.
If you need help with your taxes or superannuation, drop us a message so we can do it for you.
Government-backed COVID-19 Loans Extended
The government is extending its small business COVID-19 loans scheme until June 2021. If you need help to access these loans or you want to find out if you are eligible, don’t hesitate to drop us a message.
Finally, don’t hesitate to seek help from an advisor to help you stay on top of your finances. We are experts in small business accounting and can provide training for you and your in-house team. Drop us a message today so we can discuss how we can help you.
Stay safe, Get in touch, This too shall pass.
Contact us if you have any questions or want to discuss the next steps for your business.