Solpoint Accounts

Good news, working from home tax deductions have been made easier by the ATO.

New working from home shortcut The Australian Taxation Office (ATO) is announcing special arrangements this year due to COVID-19 to make it easier for people to claim deductions for working from home.

For small employers, the Victorian State government is providing additional grants to help ease the burden of closures.

Business Support Fund The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of the coronavirus (COVID-19) pandemic and keep people in work.

Some good news, banks are giving small business six months deferrals on their loans.

Banks hit pause on $100 billion in small business loan repayments amid coronavirus fears The Australian Banking Association says all small businesses hit by the coronavirus pandemic will be able to access a six-month deferral of all loan repayments.

Hope you had a great Valentine's Day everyone!