We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme passed Parliament in mid-November without changes. What is JobMaker? JobMaker is a…
Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the…
Morgans continue to uncover compelling market opportunities amongst the market noise. Early signs point to a recovery in the global economy through 2021, and while conditions are subdued, the Australian economy remains resilient despite the…
Earlier this week the Victorian Treasurer delivered the State Government’s 2020-21 State Budget, which includes large scale investment to drive a jobs-led recovery. It is estimated that COVID-19 has cost the State and Federal Government…
When we look at the immediate outlook for the equity market it is easy to point to reasons to sit on the sidelines. We know that markets don’t like uncertainty and there is the potential…
Australia escaped the initial onslaught of COVID-19 relatively lightly. The GDP declined in the June quarter, while a substantial 7.0%, was rather less than the 9% or so experienced by the median OECD economy. It…
The 2020-21 Federal Budget is a road to recovery paved with cash. Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion ‘JobMaker’ Hiring Credit to encourage businesses to take on…
The first tranche of JobKeeper ends on 27 September 2020. Those needing further support will need to reassess their eligibility and prove an actual decline in turnover. To receive JobKeeper from 28 September 2020, eligible…
The Victorian Government has announced two new support packages delivering over $3 billion in cash grants, tax relief and cashflow support. Some of the $3 billion appear to be in the form of deferrals (not…
Recently we caught up with Belinda Coffey, who will be familiar to many who have visited the PPT office in recent years. Belinda was recently promoted from Receptionist to Personal Assistant, working with the Accounting…
