18 March 2020
Following on the from Federal stimulus package announced last week, the NSW Government announced today a $2.3 billion “health boost and economic” stimulus package.
The package has two key components:
- $1.6 billion in tax cuts, including cuts to Payroll tax.
- $700 million in extra health funding
Payroll tax cuts
- Payroll tax will be waived for three months for businesses with annual payrolls of up to $10 million (i.e. there will be no payroll tax for the last quarter of the 2019/20 year).
- Bring forward the next round of payroll tax cuts by raising the threshold from the scheduled $950,000 up to $1 million from 1 July 2020.
17 March 2020
As part of the Boyce response to COVID-19 we are implementing some changes to ensure the safety and wellbeing of our team and clients. We will continue to monitor the situation and continue to provide updates.
At this stage our Boyce offices will remain open and your Boyce Director and Boyce contact will be available if you have any concerns or questions.
Boyce are committed to providing our normal service standards for you. A small change we can foresee at this point relates to face to face client meetings. For the next few weeks we may consider alternative means of meeting either a phone hook-up or electronic means. If however a face to face meeting is required your Boyce Director can discuss and arrange with you.
In terms of our team and so you are aware, we will limit travel between offices and we will limit all unnecessary domestic flights. All of our team members that have travelled back from overseas will self-isolate per the Australian Government Guidelines. Some of our team are working from home.
We also have some high risk team members who will be self-isolating for the next few weeks.
We will continue to keep you updated on any changes and please feel free to contact myself or your Boyce Director.
13 March 2020
Yesterday, Scott Morrison and Treasurer Josh Frydenberg, announced the new stimulus package in an attempt to stave off a recession caused by the coronavirus outbreak.
The size of the package is $17.6 billion which is designed to be spent over the next four to six months, delivering an economic boost equivalent to $22.9 billion or 1.2 per cent of GDP and stopping the June quarter from contracting and causing a recession.
Pensioners, small and medium businesses, tourism and other virus-hit business will be among the biggest beneï¬ciaries for the package.
4 March 2020
The Directors are delighted to announce that we have appointed Amy Hannaford as the Boyce General Manager.
As you know Amy has been with Boyce for the last 12 months as our acting Human Resource Manager and then our interim General Manager. Amy was selected from a pool of candidates that underwent numerous interviews and testing as part of the selection process with the interim concept designed to allow us more time to assess the role of GM for Boyce.
Amy has achieved a great deal in the 12 months she has been with Boyce. She is passionate about the Boyce team, our culture and the future of our Business. We look forward to working closely with Amy with more great initiatives to come.
Outside of work, Amy and her husband Andrew have three children that keep them busy. They are passionate about contributing to their school and local communities along with maintaining an active lifestyle.
Congratulations Amy, it is great having you on the Boyce team.
25 February 2020
The ATO has announced that deferrals for lodgement and payment for BAS for taxpayers affected by the bushfires will be automatically applied. If you’ve been preparing your BAS and noticed your due date is now 28 May 2020, this is why.
The list of affected area postcodes can be found here and will be added to as required. If you’re not in an affected area postcode, the ATO have asked that you call the Emergency Support Infoline on 1800 806 218 so they can try to assist.
Please keep in mind, the ATO has specifically reminded employers that they still need to meet their ongoing superannuation guarantee obligations and that these deferrals do not apply to large pay as you go withholders.
Now is a great time to check that your ABN details and information are up to date as this information is used by Emergency Services and other government agencies to assist during times of natural disaster as well as identifying where financial relief is needed.
For more information, please click here or contact your local Boyce accountant.