Business Survival and Adaptation Package

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$3 billion to support Victorian businesses
September 2020

About the initiative
The Victorian Government is investing $3 billion to help businesses impacted by ongoing restrictions and prepare for COVID Normal business.
$3 billion in cash grants, tax relief and cashflow support will be delivered to Victorian businesses that have been most affected by coronavirus (COVID-19) restrictions. The package will help businesses survive and keep Victorians in jobs.

Business Survival

• Small and medium sized business ($822 million): The third round of the Business Support Fund will provide up to $20,000 for business with a payroll of up to $10 million:
• Licensed Hospitality Business ($251 million): Grants of up to $30,000 for licensed pubs, clubs, hotels, bars, restaurants and reception centres, based on their venue capacity and location.
• Business Chambers and Trader Groups ($3 million): A competitive grants program to support metropolitan and regional business chambers and trader groups.
• Alpine businesses ($4.3 million): Grants of up to $20,000 to help alpine businesses pay a service charge to Alpine Resort Management Boards.

Business Adaptation
The package also provides additional funding, tools and resources to help businesses adapt and prepare for reopening under COVID normal settings.
• $20 million voucher program to assist sole traders and small businesses in building their digital capability
• $15.7 million package to help Victorian exporters get their products to market and establish new trade channels.
• $8.5 million expansion to the ‘Click for Vic’ campaign to encourage more Victorians to support local businesses.

Waivers and deferrals
The Government is also providing $1.8 billion in tax and cashflow support.
• $1.7 billion in payroll tax deferrals for the full 2020-21 financial year
• $41 million to bring forward the 50% stamp duty discount for commercial and industrial property for all of Regional Victoria.
• $33 million to defer the planned increase in the landfill levy for six months
• $30 million to waive 25% of the Congestion Levy this year, with the outstanding balance deferred.
• $27 million in liquor license fee waivers for 2021
• $6 million to waive Vacant Residential Land Tax for vacancies in 2020.

Third Round of Business Support Fund Grants
The Victorian Government has announced a third round of the Business Support Fund to provide direct financial support to businesses impacted by restrictions in Victoria.
The Victorian Government Road map shows that many sectors will remain closed, restricted or heavily restricted as metropolitan Melbourne and regional Victoria reopens. Grants from this program will help businesses in these sectors survive the extended period of restricted trading.

Who can apply for the third round of grants?

The amount of grants available from this program range from $10,000 to $20,000 depending on the business’ annual payroll. To be eligible for a grant from this program, applicants must:
• operate a business located within Victoria; and
• participate in the Commonwealth Government’s JobKeeper Payment scheme; and
• employ people and be registered with WorkSafe; and
• have had an annual payroll of less than $10 million in 2019-20; and
• be registered for Goods and Services Tax (GST); and
• hold an Australian Business Number (ABN); and
• be registered with the responsible Federal or State regulator.

An eligible business will receive:
• $10,000 if its annual payroll is less than $650,000
• $15,000 if its annual payroll is between $650,000 and $3 million
• $20,000 if its payroll is between $3 million and $10 million.

A full list of the eligibility criteria for a grant will be published when applications open.
Sole Traders
We are waiting on the Victorian Government to announce support for Sole Traders. Once we have the information and eligibility criteria, we will communicate these to you.
How to apply
Applications will open soon. If you would like to engage HHG Foothills to manage your application please email admin@hhgfoothills.com.au or speak to your accountant.

If you require further assistance please contact Lincoln, Juliana, John or the office on
9739 4066 or email admin@hhgfoothills.com.au

Supporting you during lockdown

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August 2020

The impending lockdown is absolutely essential to suppress or, hopefully, eliminate the presence of Covid-19 in our community. Whilst many of us will not be looking forward to the lockdown period and its impact on our financial situation, we should emerge with much better case numbers, the associated lower loss of life and greater certainty about our future.

Our office is now closed but the entire team are working from home. We remain ready and willing to provide you with all our normal services and products. This newsletter is aimed at helping you to understand some of the changes which will apply during the lockdown period.

TELEPHONES AND QUESTIONS

Our telephones will still be manned during normal business hours. To ensure your enquiry is dealt with as efficiently as possible, would you please send your enquiry by email to the person who seems best able to answer your query by referring to the list at the end of this newsletter. If you’re unsure, please send an email to
admin@hhgfoothills.com.au

MAIL
Items you send to us by post will continue to be delivered. From there, the items you have sent us will be converted to electronic copy.
Please do not use the mailbox at the office.
Please send documents to
HHG Foothills
PO BOX 887
Lilydale VIC 3140

We would ask that whenever possible, to ensure prompt delivery, please use email. The postal system will be heavily loaded and delays should be expected.

EMAIL LIST FOR QUESTIONS

General enquiries – admin@hhgfoothills.com.au
To make an appointment – admin@hhgfoothills.com.au
Appointments will be conducted via phone or zoom
Submission of electronic Tax Documents – accountant@hhgfoothills.com.au

We look forward to the resumption of normality when it is safe to “come out”. Until then, we wish you all the best and trust that you will look after yourselves and those in your circle who you know to be vulnerable and lacking the resilience that you have.

Income Statements 2019-2020

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How to access your Income Statement
July 2020

Accessing your income statement or payment summary

How you get your end of financial year information from your employer showing your earnings for the year (also known as an income statement or payment summary and previously known as your “group certificate”) depends on how your employer reports your income, tax and super information to the ATO.


• If your employer reports your income, tax and super information to the ATO through Single Touch Payroll (STP) they are no longer required to give you a payment summary, this information will be made available through ATO online services and will be finalised by 31 July

• If your employer is not yet reporting through STP they will continue to provide you with a payment summary by 14 July (as they do now).
Your employer should let you know if you will receive an income statement or payment summary but you should talk to them if you are unsure.
If you have more than one employer, you may have both an income statement and a payment summary.


Accessing your end of financial year information
If you are an existing client of HHG Foothills we are able to access your income statement or payment summary from the ATO on your behalf.
If you are a new client to HHG Foothills please contact us & provide your Full Name (as appears on your previous tax return) Tax File number and Date of Birth. This will enable us to access your income statement or payment summary from the ATO on your behalf.


If you require further assistance please contact Lincoln, Juliana, John or the office on 9739 4077 or email admin@hhgfoothills.com.au

Tax Time 2020

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“The single biggest threat to man’s continued dominance on the planet is the virus.” Nobel Laureate, Joshua Lederberg”

Welcome back to Lockdown 2.0.  The next six weeks will test the resolve of each and every one of us.  The year 2020 will not be forgotten, (for all the wrong reasons).  The uncertainty and anxiety that the virus has created and the follow-on economic impacts, especially now for Victoria, will be long and potentially lasting.    

The Federal Government has announced that it will be handing down a min-budget on the 23rd July 2020.  Once the details of the mini-budget are provided we will produce a further flyer and get it out to you.
 

How we are going to operate:
Office:


We will continue to have the Office manned during normal office hours for the next six-week period. 

Telephones:

Our phone systems will continue to work.  As long as the internet and mobile phone systems do not go down, you will still be able to contact us on any of the following numbers:

  • 03 9739 4066
  • 03 9739 4077
  • 1300 296 388

Linc’s mobile is 0419 827729

COVID-19 Friendly Meetings:

  1. Face to Face meetings:
    Where a Face to Face Meeting is required this will be done in a COVID safe fashion.  Please ring and make an appointment so that we can ensure that social distancing still takes place. Under direction from the Premier of Victoria please wear a mask to your appointment for your safety.

Virtual Face to Face meetings

Please request a Zoom meeting and provide your Mobile number and email address when you book in your meeting.  You will receive an SMS notifying you of a Zoom invitation to your email address.  The email will have a link for you to click on.  You will then be connected

  1. to a virtual face to face meeting!  Please make sure you have a webcam with an inbuilt microphone  If you find yourself in trouble please give Bradley Gardiner (our resident millennial) a call and he will be able to assist you.   

Document Transmission:

There are number of ways you can get documents to us:

The Post:

If you want to send your information by post.  Please contact us by phone and we will send out to you Reply Paid envelopes.  This will ensure that the mail does not go astray.  If the postal system is shut down we will assist you to get your information to us via another method.

Email:

For many of you, you already email your information to us.  Many of you will have receipts and other paperwork that you will need to get to us.  We strongly suggest that you download the “Office Lens” app from the APP STORE to your mobile or IPad.  From there it is simply a matter of taking a photo of the document, converting it to a PDF and emailing it to us.  We ask that you don’t email JPEGs from your mobile or IPad as the size of these documents could jam up and bring down our email.

Please email all documents to the following email:

accountant@hhgfoothills.com.au

With a cc to your usual accounting or financial planning contact.

PLEASE REMEMBER to put your name and telephone number in the subject line of the email.  This will make it easier for our computer system to file your documents.

If you have any questions, please call and ask for Bradley Gardiner

Drop Box at our Back Door:

We have installed a drop box at our back door.  Please place any documents or USB sticks in the envelope provided.  Put you name on the envelope and drop it in the box.

How we will get Documents to you:

DocuSign:

For the past couple of years, we have been transmitting our documents that require signing via the DocuSign software.  We will continue to do this as it is quick and relatively simple to use. If you are having difficulty please follow the link below for instructions on how to sign a DocuSign.

https://support.docusign.com/en/articles/How-do-I-sign-a-DocuSign-document-Basic-Signing

Business Support Grant

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Business Support Fund – Expansion

$5,000 grants to support businesses through the renewed restrictions

July 2020

About the initiative

The Victorian Government has announced that Stage 3 ‘Stay at Home’ will be in reinstated across metropolitan Melbourne and Mitchell Shire from 11:59 on 8 July 2020 to help slow the spread of coronavirus (COVID-19) in Victoria. These restrictions will be in place for six weeks and will then be reviewed by the Chief Health Officer.

The return to Stay at Home restrictions mean that businesses within metropolitan Melbourne or Mitchell Shire such as restaurants, cafes, pubs, gyms, indoor sporting venues, cinemas, live music, entertainment venues and other businesses are either restricted in their operations or can no longer operate.

What support is available?

Businesses within metropolitan Melbourne and Mitchell Shire that are affected by the return to Stay at Home restrictions may be eligible for a one-off, $5,000 grant under the Business Support Fund – Expansion program.

What type of business can apply for this grant?

  • operate a business located in metropolitan Melbourne or Mitchell Shire
  • be a participant in the Commonwealth Government’s JobKeeper Payment scheme
  • employ people
  • be registered with WorkSafe on 30 June 2020
  • have an annual payroll of less than $3 million in 2019-20 on an ungrouped basis
  • be registered for Goods and Services Tax (GST) as at 30 June 2020
  • hold an Australian Business Number (ABN) and have held that ABN at 30 June 2020
  • be registered with the responsible Federal or State regulator.

Businesses that have received funding from other components of the Victorian Government’s Economic Survival Package are eligible to apply for this program.

Businesses that have received funding from other components of the Victorian Government’s Economic Survival Package are eligible to apply for this program.

Business owners that do not employ people (non-employing businesses) are not eligible for funding through this program.

How can the funding be used?

Grant funds, for example, may be used to assist the business with:

  • meeting business costs, including utilities, salaries or rent
  • seeking financial, legal or other advice to support business continuity planning
  • developing the business through marketing and communications activities
  • any other supporting activities related to the operation of the business.

Important application information

Eligible businesses are invited to apply for a one-off grant of $5,000. A business, as defined by its ABN, can only receive one grant under this Fund.

As part of the assessment process, evidence provided by applicants may be subject to a check with other government agencies including the State Revenue Office, Worksafe and the Australian Securities and Investment Commission.

Circumstances that may be taken into consideration in any decision whether to award a grant include:

  • any adverse findings by a regulator regarding a business
  • if a business is placed under external administration
  • if there is a petition to wind up or deregister a company or business
  • if the business is, or becomes, deregistered or unregistered (including cancellation or lapse in registration).

Applicants must ensure that their Australian Business Number (ABN) registration information and registration with the Australian Securities and Investment Commission is up-to-date and current as at the time of application.

Applicants are required to apply online via the Business Victoria website. All questions in the application need to be completed to ensure timely assessment.

The Department of Jobs, Precincts and Regions will endeavour to notify all applicants on the outcome of their submitted application within ten business days.

What evidence do businesses need to provide to prove eligibility and compliance?

Applicants must certify that they meet the eligibility criteria and must provide evidence of the address of their eligible business operation through their most recent:

  • utility bill (gas, electricity, telecommunications, water);
  • lease agreement; or
  • council rate notice.

Applicants must also provide evidence of their participation in the Commonwealth Government’s JobKeeper Payment scheme. The evidence required will be the most recent JobKeeper business monthly declaration or for new entrants their JobKeeper enrolment form. These documents must be a PDF file generated from the Australian Taxation Office Business Portal.

Applicants are subject to a risk assessment which verifies business details provided with the Australian Securities and Investment Commission (ASIC), Australian Charities and Not-for-profits Commissioner (ACNC), Consumer Affairs Victoria (CAV) and/or other applicable regulators.

Applicants will be subject to an audit by the Victorian Government or its representatives and will be required to produce evidence (such as payroll reports to demonstrate impact) at the request of the Victorian Government for a period of four years after the grant has been approved.

If any information in the application is found to be false or misleading, or grants are not applied for the purposes of the business in accordance with the terms of funding as set out in these guidelines and attached application, the grant will be repayable to the Victorian Government on demand.

Fine print

  • Sole traders must employ persons other than themselves to be eligible.
  • The applicant must be able to provide a ‘WorkCover employer number’.
  • Relevant regulators are the Australian Securities and Investment Commission (ASIC); the Australian Charities and Not-for-profit Commission (ACNC); Consumer Affairs Victoria (CAV); and in the case of sole traders ABN registration will suffice (sole traders who use a business name other than their own personal name must have that business name registered with ASIC).

How to apply

Applicants must submit an application online. Follow the link below and click ‘Apply now’

https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-support-package/business-support-fund

All questions in the application must be completed and any requested documentation attached to ensure timely assessment and grant payment.

If you have further questions please refer to the Business Support Fund – Expansion FAQs.

If you require further assistance please contact Lincoln, Juliana, John or the office on

9727 5300 or email admin@hhgfoothills.com.au