Still time to enrol for JobKeeper
Eligible employers can still enrol for JobKeeper extension 2.0 until the program end date of 28 March 2021.
If eligible, there are two payment rates for extension 2.0.
Capital Allowances - Temporary full expensing
A supercharged asset write off has come into play as announced in the 2020 Federal Budget. Under this regime, eligible depreciating assets can be deducted for businesses with an aggregated turnover of less than $5 billion where the assets are first held, and first used or installed ready for use for a taxable purpose, between 7:30pm AEDT on 6 October 2020 and 30 June 2022.
If your income year ends on 30 June, deductions under temporary full expensing are only available in the 2020–21 and 2021–22 income years.
Read more about Temporary full expensing.
Xero: Customer Credit Limit Blocks.
If your customers credit limit is exceeded, a repeating invoice will be saved as a draft instead of being approved and sent.
This is now in place to help your debtor management and cashflow.