December is here along with a renewed sense of optimism. It’s been a tough year, but once again Australians have proved extremely resilient.

A reflection on 2020 from CEO Kate Mannix

Like you, as business owners and board members, we have been faced with making decisions for issues and problems we had not previously experienced. Learning as we went and stepping through every opportunity, change and challenge that was put in front of us. I have been so inspired by the innovation, tenacity and grit that so many of our clients have demonstrated in 2020.

Economic Update

November was an extraordinarily action packed month for the global and local economy. Joe Biden’s US election victory released a pressure valve on global markets, with US shares reaching new historic highs and Australian shares up more than 9% over the month.

We hope you enjoy this edition of our client update which covers:

• JobKeeper payment reducing from 4 January 2021
• Increase to minimum wage – industry awards
• Personal tax cuts are now law
• Federal Budget 2020-21 – Analysis from a tax perspective
• Current financial support opportunities for businesses impacted by COVID-19
• Victoria to enjoy a ‘COVIDSafe Summer
• Working from home “shortcut” deduction extended
• Online AGMs and digital signatures legislation extended.

Click here to read the full update.

Should you wish to investigate any of these matters further, please contact our office on 03 5443 0344.