Small businesses are set to get a reprieve after the ACCC gave the go-ahead for banks to defer principal and interest repayments for loans to small businesses affected by coronavirus.
The Australian government released a $17.6 billion dollar stimulus package to stave off the economic impact of COVID-19, and will release a second one in the coming weeks. Now it's the states' turn. So far, NSW and WA have stepped up to the plate.
"In a slowing economy, employers may not be able to increase wages, but they can look at financial wellbeing support and education to help alleviate the burden for workers," says Graham Campbell, CEO of Gallagher's Employee Benefits and HR Consulting division.
The ATO is doubling down on its bushfire relief measures. If you or your business has been affected by the fires, you'll now have longer to submit tax returns and pay business activity statements. Refunds will also be fast-tracked.
Having one job is so yesterday. A side hustle could help you top your household budget or save for a big expensive like a holiday. Here's how to make it work.
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