The COVID-19 Crisis
This page is regularly updated to give you the latest Coronavirus (COVID-19) news, updates and advice. Mytaxsavers continues to provide you with up to date information however many policies, restrictions and fines are on a state-by-state basis. So we strongly recommend keeping abreast of all the latest developments though Government websites as well as your local Government websites.
Federal Government Support
- ATO Support
- JobKeeper Timeline of Content
- JobKeeper Payments Guide Overview
- JobKeeper guide – employers reporting through STP
- JobKeeper guide – sole traders
- Boosting cash flow for employers
- Increase to Instant Asset Write-off
For additional resources check out MTS’s comprehensive JobKeeper guide on the JobKeeper Checklist tab.
Tools and Calculators
State Government Support
Banking Support
Each of the banks is committed to providing support to their clients during this difficult period.We would suggest personal and business clients:
- request deferral of principal reductions; and
- pause all asset finance repayments immediately; and
- move home loans to interest only or pause P&I repayments; and
- ensure covenants/conditions conversations are held for amendment / deferral / waiving of convenants.
*Note: the time to act on this is now to preserve flexibility moving forward. Remembering whilst we are planning for the worst and hoping for the best, we need to all be able to grow profitably on the other side (and plan for that now).
