In this episode, Accountants, Registered Tax Agents and CPA’s Sheryl Cole and Corinne Cole outline the key 8 measures announced in the Government’s 2nd $66.1 bn Stimulus Package.

We clarify for you:

• Tax-free payments up to $100,000 for employers
• Sole traders and self-employed - what’s available for these taxpayers
• Support available for businesses who employ Apprentices and Trainees
• Increased Centrelink Supplements
• Early release of superannuation
• Loans for small and medium businesses up to $250,000
• Solvency Safety Net
• Solvency & Bankruptcy

In this episode we mentioned where you can find more information about the support available for businesses who employ Apprentices and Trainees:

• The Department of Education, Skills and Employment website at: www.dese.gov.au  
• Australian Apprenticeships website at: www.australianapprenticeships.gov.au  

For further information on how to apply for the subsidy, including information on eligibility, contact an Australian Apprenticeship Support Network (AASN) provider.

We also noted that the Government is now providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders residing in Australia. You can access the full list here.

You can learn more about the show hosts, Corinne Cole and Sheryl Cole at:

platinumaccounting.com.au