EWM Accountants & Business Advisors

EWM Accountants & Business Advisors Preparation of Financial Accounts, ASIC Annual reports, Tax Returns, BAS, Payroll, Bookkeeping and a

EWM Accountants and Business Advisors are chartered accountants based in Oakleigh, Melbourne. Our services include Tax Return preparation, Financial Accounts, BAS, Payroll, Bookkeeping, ASIC Annual reports, assistance with ATO audits for Companies, Trust, SMSFs, partnerships, individuals, family groups, property developers and investors. We specialise in the following industries: construction, med

ical, dental, manufacturing, property development, retail and wholesale, import and export as well as hospitality. We offer a full suite of accounting, taxation and business advisory services in the following suburbs : Oakleigh, Brighton, Toorak, Carnegie, Melbourne, Bentleigh, Malvern, Camberwell, Kew, Glen Waverley, Moorabbin and many more.

17/03/2022

Welcome back to our Weekly Business news Update. Read on for the latest updates and some ideas to help us all move forward. Entry Ban for Cruise Ships to Be Lifted After two years, the government announced it would lift its entry ban for international cruise ships next month. This could potentially....

19/09/2020

Welcome back to our Weekly COVID-19 news update. We hope you and your family are safe and doing well. Read on for this week’s update. Melbourne’s Roadmap to ‘COVID Normal’ A staged plan to ease Melbourne out of tight COVID-19 restrictions has been released. Stage 4 restrictions will remain i...

14/09/2020
24/03/2020

Coronavirus Special Update
March 2020

Government’s Stimulus Package in response to the Coronavirus

The following is a broad summary of the key aspects of the Federal Government’s stimulus package for small business in response to the Coronavirus.

Cash flow assistance for businesses

The Government is providing cash flow assistance for eligible businesses in the form of two separate measures.

Boosting cash flow for employers

- Small and medium-sized businesses and not-for-profit entities, with an aggregated annual turnover of less than $50 million that employ people, may be eligible to receive a total payment (in the form of a refundable credit) of up to $100,000 (with a minimum total payment of $20,000), based on their PAYG withholding obligations in two stages

It should be noted that eligibility for the above payments is subject to a specific integrity rule that is designed to stamp out artificial or contrived arrangements that are implemented to obtain access to this measure.

Wages subsidies for apprentices and trainees

Employers with less than 20 full-time employees, who retain an apprentice or trainee (who was in training with the employer as at 1 March 2020) may be entitled to Government funded wage subsidies. These will be equal to 50% of the apprentice’s or trainee’s wage paid during the nine months from 1 January 2020 to 30 September 2020. The maximum wage subsidy over the nine-month period will be $21,000 per eligible apprentice or trainee. Employers can register for the subsidy from early April 2020.

Increasing the instant write-off threshold for business assets

Broadly, the depreciating asset instant asset write-off threshold will be increased from $30,000 (for businesses with an aggregated turnover of less than $50 million) to $150,000 (for businesses with an aggregated turnover of less than $500 million) until 30 June 2020.
The measure applies to both new and second-hand assets first used or installed ready for use in the period beginning on 12 March 2020 and ending on 30 June 2020.

13/03/2020

MORE INCENTIVES FOR SMALL BUSINESS

Small businesses employing apprentices who employ less than 20 people could receive up to $7,000 per quarter for three quarters. This payment is a stimulus payment as a result of an expected national economic downturn in the first half of 2020.

It is expected that these payments will be received via the Australian Apprentices Incentives Program. This program currently services employers by providing cash payments when apprentices meet certain targets.

The program will be in place from 1 January 2020 to 30 September 2020, and claims may be made from 31 March 2020.

Address

63 Westminster Street
Melbourne, VIC
3166

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+61395685444

Website

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