There are certain basic steps you need to take if someone with COVID19 is at your work.
Running a business is hard enough; doing it with the overlay of the COVID 19 pandemic just takes it to a whole new level.
You don't need to do it alone - get a Business Advisor to assist you during these challenging times.
CHANGES TO AUSTRALIAN IR LAWS (pdf)Download
Operating your business without trade accounts (pdf)Download
COVID19 INFORMATION FOR BUILDERS (pdf)Download
Building and Construction Industry C-19 v1 (002) (pdf)Download
JOBKEEPER PAYMENT- Information for Employers (pdf)Download
There are many things to know and learn about the COVID 19 pandemic to protect your staff, clients and business.
For a roadmap on things to consider for your Construction-related business, contact Finding Money.
Government Assistance available
The Prime Minister has launched numerous multi billion dollar initiatives to assist SME businesses survive this crisis.
Business' will be able to immediately write-off multiple assets as the threshold has increased from $30k to $150k.
Deduction of 50 per cent of the cost of an asset, with existing depreciation applying to the balance of the asset’s cost. This is available to business' with turnover below $500m purchasing certain new depreciable assets.
Businesses with less than $50m turnover p.a. to cover the costs of employee wages and salaries equal to 50 per cent of PAYG withheld for businesses that withhold tax, with a minimum of $2,000 and a maximum of $25,000 over six months.
To subsidise 50% of the apprentice’s or trainee’s wage for nine months
There are now multiple federal and state government packages available for businesses in the building industry.
Find out more by contacting Finding Money for tailored information.