Learn about what support is available for businesses facing financial hardship as a result of Victoria's latest COVID-19 lockdowns. Presented by Patrick Sargent of POP Business (1300 180 630)
COVID-19 NSW Business Grants - Legal QuestionsTom Willis
In Part 2 of our Covid Support Series with POP Business, Lawyer Damin Murdock covers all the important legal issues facing businesses throughout lockdown and beyond.
Coronavirus: Business Questions AnsweredTom Willis
There's a lot of legal issues surrounding COVID-19. From employment to tax relief, current circumstances mean that businesses are and will inevitably be affected.
To help, we’re running a special webinar on COVID-19 at 12:00pm on Thursday 2 April 2020. In this webinar, experienced business lawyer Damin Murdock will cover:
- Options for business owners on retail, commercial and residential leases
- Leave entitlements for staff who are in self-isolation or who have been diagnosed with COVID-19
- How to implement an effective Working From Home (WFH) arrangement
- Managing employees and restructuring your business
- Managing your cash flow
- How to know if your insurance covers you for interruptions caused by pandemics
We will also be dedicating time at the end of the webinar for Damin to answer your questions.
We discuss the recent changes to the furlough scheme, including how the rules are changing between now and September. Plus, we highlight important HR tips to remember as you return to the workplace (including what mistakes you should avoid).
For more information, please visit www.brightpay.co.uk
Income exempted under section 10 of Income tax Act 1961 for assessment year 2...Dr. Sanjay Sawant Dessai
The document lists various income sources that are exempt from tax under Section 10 of India's Income Tax Act of 1961. Some key exemptions include: agricultural income, income received by members of Hindu Undivided Families, share of partnership profits, leave travel concessions, gratuity payments, voluntary retirement compensation up to Rs. 500,000, life insurance policy proceeds, provident fund withdrawals, superannuation fund payments, certain allowances like transport and children's education, interest on government securities, scholarships for education, dividends, and income from mutual funds.
The document discusses various types of income that are exempt from income tax under the Income Tax Act in India. It provides details on exemptions for agricultural income, HUF income, partner's share of profit, leave travel concession, pension, leave salary, voluntary retirement compensation, house rent allowance, special allowances like transport allowance, interest income from certain securities, income of employee welfare funds, income of the Employee State Insurance Fund, and a minor child's income. It also discusses tax exemptions that apply specifically for salaried employees, such as exemptions on pension income, leave encashment, gratuity payments, and certain allowances.
This document discusses various exemptions from income tax for salary income in India. It summarizes provisions related to leave salary, gratuity, pension, allowances, perquisites, provident fund and other deductions from salary that are exempt from tax. Key points include leave salary being fully tax exempt for government employees but with a maximum exemption of average salary for 10 months or Rs. 300,000 for non-govt employees. Gratuity is also exempt up to Rs. 10 lakhs. Certain allowances and perquisites like housing, medical benefits and interest-free loans are partially or fully tax exempt.
COVID-19 NSW Business Grants - Legal QuestionsTom Willis
In Part 2 of our Covid Support Series with POP Business, Lawyer Damin Murdock covers all the important legal issues facing businesses throughout lockdown and beyond.
Coronavirus: Business Questions AnsweredTom Willis
There's a lot of legal issues surrounding COVID-19. From employment to tax relief, current circumstances mean that businesses are and will inevitably be affected.
To help, we’re running a special webinar on COVID-19 at 12:00pm on Thursday 2 April 2020. In this webinar, experienced business lawyer Damin Murdock will cover:
- Options for business owners on retail, commercial and residential leases
- Leave entitlements for staff who are in self-isolation or who have been diagnosed with COVID-19
- How to implement an effective Working From Home (WFH) arrangement
- Managing employees and restructuring your business
- Managing your cash flow
- How to know if your insurance covers you for interruptions caused by pandemics
We will also be dedicating time at the end of the webinar for Damin to answer your questions.
We discuss the recent changes to the furlough scheme, including how the rules are changing between now and September. Plus, we highlight important HR tips to remember as you return to the workplace (including what mistakes you should avoid).
For more information, please visit www.brightpay.co.uk
Income exempted under section 10 of Income tax Act 1961 for assessment year 2...Dr. Sanjay Sawant Dessai
The document lists various income sources that are exempt from tax under Section 10 of India's Income Tax Act of 1961. Some key exemptions include: agricultural income, income received by members of Hindu Undivided Families, share of partnership profits, leave travel concessions, gratuity payments, voluntary retirement compensation up to Rs. 500,000, life insurance policy proceeds, provident fund withdrawals, superannuation fund payments, certain allowances like transport and children's education, interest on government securities, scholarships for education, dividends, and income from mutual funds.
The document discusses various types of income that are exempt from income tax under the Income Tax Act in India. It provides details on exemptions for agricultural income, HUF income, partner's share of profit, leave travel concession, pension, leave salary, voluntary retirement compensation, house rent allowance, special allowances like transport allowance, interest income from certain securities, income of employee welfare funds, income of the Employee State Insurance Fund, and a minor child's income. It also discusses tax exemptions that apply specifically for salaried employees, such as exemptions on pension income, leave encashment, gratuity payments, and certain allowances.
This document discusses various exemptions from income tax for salary income in India. It summarizes provisions related to leave salary, gratuity, pension, allowances, perquisites, provident fund and other deductions from salary that are exempt from tax. Key points include leave salary being fully tax exempt for government employees but with a maximum exemption of average salary for 10 months or Rs. 300,000 for non-govt employees. Gratuity is also exempt up to Rs. 10 lakhs. Certain allowances and perquisites like housing, medical benefits and interest-free loans are partially or fully tax exempt.
The document provides information about payment of bonus under the Payment of Bonus Act, 1965. Some key points:
1. The Act applies to every factory and other establishments employing 20 or more people. It requires payment of minimum bonus of 8.33% of salary or Rs. 100, whichever is higher, even if there are losses or no allocable surplus.
2. If allocable surplus exceeds the minimum bonus amount, employers must pay bonus proportionate to salary, subject to a maximum of 20% of salary. Excess surplus can be carried forward for next 4 years.
3. Bonus must be paid within 8 months of the end of the accounting year. It can be extended up to 2
Exempt incomes - Income which do not form part of total incomeCA Bala Yadav
This document discusses various types of income that are exempt from tax in India. It explains that exempt incomes do not form part of an assessee's total income for tax computation. Sections 10-13A of the Income Tax Act list incomes that are totally or partially exempt. Some key exempt incomes mentioned include agriculture income, interest from certain bonds/deposits, leave encashment, gratuity, pension received by an assessee, and income of political parties and electoral trusts (subject to conditions). Special provisions like Section 10AA provide tax deductions to new units set up in Special Economic Zones for a certain period.
The document discusses emerging issues related to the Employees' Provident Fund (EPF) in India, including statutory compliance requirements, contribution rates, withdrawal rules, benefits provided including pension and insurance, and penalties for non-compliance. It also briefly mentions international social security agreements that India has entered into.
Asia Counsel Insights gives readers a concise insight into legal and business developments in Vietnam. This edition has news on: changes to the social insurance and labour laws; feed in tariffs for power projects; changes to investment conditions for insurance enterprises.
Computation of Income from salaries for assessment year 2015-16 . Based on Goa university Final yea B Com Syllabus of Accounting Major II - Income tax, service tax and Goa Value added tax
The Employees' Provident Funds & Miscellaneous Provisions Act, 1952 established a social security system for employees in India. It operates three schemes - Provident Fund, Pension Fund, and Insurance Fund. The key provisions include mandatory contributions of 12% of wages by employer and employee for provident fund. The Central Provident Fund Commissioner can assess dues, impose interest for delayed payments, recover dues, and penalize defaulters. Exemptions are provided for small establishments and those under state/central government control. Employers must enroll all eligible employees and make contributions, maintain records, and file regular returns.
Presentation is on computation of income from Salaries . this presentation is for the benefit of undergraduate commerce students and is based on the B.Com syllabus of Goa University
This document summarizes recent changes to India's provident fund rules for international workers. Key changes include: provident fund money is now locked until retirement at age 58; international workers risk losing pension contributions unless covered by a social security agreement between India and their home country; international workers now need an Indian bank account to receive provident fund refunds. The goal of the changes is to encourage other countries to sign social security agreements with India to protect the social security of Indian workers overseas.
Bonus in india assumes different meaning altogether If you read the basic act and you can get thoroughly confused.
Age old laws with plenty of amendments , court rulings brought more confusion to the legal status and interpretation yet every personnel, hr manager grapples with it.
Here is attempt tp update with easy to read form
The Payment of Bonus Act 1965 makes it mandatory for establishments meeting certain criteria to pay annual bonus to eligible employees. Key points include:
- Minimum bonus of 8.33% of wages or Rs. 100 must be paid regardless of profit/loss.
- Bonus is calculated based on allocable surplus which is a portion of available surplus (gross profit - depreciation, taxes).
- New establishments are subject to special provisions for first 7 years before full rules apply.
- Minimum and maximum bonus amounts, eligibility criteria, and enforcement mechanisms are defined.
This document summarizes key aspects of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 in India. It applies to establishments with 20 or more employees and can be extended to those with less than 20 by the central government. The appropriate government is the central government for certain establishments and the state government for others. The act covers employees earning less than Rs. 6,500 per month. It is administered by the Central Provident Fund Commissioner and establishes rules around employee and employer contribution rates, interest rates on provident funds, and conditions for withdrawal of funds for purposes like housing, education, illness, and more.
The document discusses the Payment of Bonus Act 1965 in India. It provides definitions of key terms like bonus and outlines the aims, applicability, eligibility criteria, minimum and maximum bonus amounts under the Act. It also covers the methods to calculate statutory bonus and available surplus, as well as employers' obligations around payment timelines, registers, returns and penalties for non-compliance. The document answers several questions around entitlement of different employee types and closes with conclusions and bibliography.
This document provides an overview of the Indian Bonus Act of 1965. Some key points:
- The Act was passed to provide for the payment of bonus to employees in certain establishments based on profits or production.
- It applies to factories and other establishments with 20 or more employees.
- Eligible employees must have worked at least 30 days in an accounting year to qualify for bonus.
- Bonus is calculated based on allocable surplus, with a minimum of 8.33% of wages and maximum of 20% of wages.
- Any disputes around bonus payments are treated as industrial disputes and can be referred to labor courts.
- The Act establishes requirements for maintenance of registers and records by employers and provides
The document summarizes the key provisions and procedures related to India's Employees' Provident Funds And Miscellaneous Provisions Act, 1952. It outlines who the act applies to, contribution rates and eligibility, types of benefits including provident fund, pension fund and insurance, procedures for withdrawals and transfers, common problems faced and their remedies.
The document discusses various aspects of taxable salary income under the Income Tax Act in India.
1) Salary includes wages, allowances, bonuses, commissions, perquisites and other monetary payments received from an employer. Salary is taxable on an accrual basis at the place of employment.
2) Perquisites include benefits provided by employers such as rent-free accommodation, gas, electricity, water, free education for employees' children, interest-free loans, etc. Most perquisites are valued at a percentage of the employee's salary for tax purposes.
3) Some exemptions are provided for leave travel allowance, gratuity, encashment of leave salary, retrenchment compensation, pensions,
This document summarizes various types of non-taxable income under section 10 of the Indian Income Tax Act. It discusses income such as agriculture income, income received from a Hindu Undivided Family, share of profit received by a partner, leave travel concession, gratuity, pension, leave salary encashment, amounts received from insurance policies and provident funds, house rent allowance, special allowances, scholarships, government awards, minor children's income, and dividends that are fully or partially exempt from taxable income.
The document discusses the taxation of salaries under the Indian Income Tax Act of 1961. It defines what constitutes a salary and examines the relationship between employers and employees. It also outlines what qualifies as taxable salary components according to the Act, including basic salary, allowances, bonuses, retirement benefits, and perquisites.
The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 provides social security to industrial workers in India. It establishes provident funds, pension funds, deposit-linked insurance and other benefits for employees of covered organizations with 20 or more workers. All employees earning up to Rs. 6,500 per month must contribute 12% of wages to their provident fund, while employers must contribute 3.67% to provident funds and 8.33% to pension funds, as well as administrative fees. The Act mandates timely contribution payments, form submissions for new/leaving employees, and annual returns to ensure employee social security benefits are properly funded and administered.
The document provides information about the Employees' Provident Funds & Miscellaneous Provisions Act of 1952. It discusses the three schemes operated under the act: provident fund, pension fund, and insurance fund. It outlines contribution rates for employers and employees and coverage details. Key points covered include registration requirements, collection of contributions, compliance duties of employers, and services provided to members. Challenges in implementation are also summarized.
Utah Governor's Office of Economic Development presents new programs that can help small businesses with the challenges of staying open during Covid 19.
The document provides information on government support available to businesses during the Covid-19 pandemic, including:
- Increased statutory sick pay refunds for eligible employees off work due to Covid-19.
- Business rates relief for companies with properties below a rateable value of £51,000.
- Grants of £10,000 for businesses under £15,000 rateable value and £25,000 for those below £51,000.
- Coronavirus business interruption loans of between £1,000-£5m with an 80% government guarantee.
- Support includes tax payment deferrals and universal credit for self-employed and low income individuals.
The document provides information about payment of bonus under the Payment of Bonus Act, 1965. Some key points:
1. The Act applies to every factory and other establishments employing 20 or more people. It requires payment of minimum bonus of 8.33% of salary or Rs. 100, whichever is higher, even if there are losses or no allocable surplus.
2. If allocable surplus exceeds the minimum bonus amount, employers must pay bonus proportionate to salary, subject to a maximum of 20% of salary. Excess surplus can be carried forward for next 4 years.
3. Bonus must be paid within 8 months of the end of the accounting year. It can be extended up to 2
Exempt incomes - Income which do not form part of total incomeCA Bala Yadav
This document discusses various types of income that are exempt from tax in India. It explains that exempt incomes do not form part of an assessee's total income for tax computation. Sections 10-13A of the Income Tax Act list incomes that are totally or partially exempt. Some key exempt incomes mentioned include agriculture income, interest from certain bonds/deposits, leave encashment, gratuity, pension received by an assessee, and income of political parties and electoral trusts (subject to conditions). Special provisions like Section 10AA provide tax deductions to new units set up in Special Economic Zones for a certain period.
The document discusses emerging issues related to the Employees' Provident Fund (EPF) in India, including statutory compliance requirements, contribution rates, withdrawal rules, benefits provided including pension and insurance, and penalties for non-compliance. It also briefly mentions international social security agreements that India has entered into.
Asia Counsel Insights gives readers a concise insight into legal and business developments in Vietnam. This edition has news on: changes to the social insurance and labour laws; feed in tariffs for power projects; changes to investment conditions for insurance enterprises.
Computation of Income from salaries for assessment year 2015-16 . Based on Goa university Final yea B Com Syllabus of Accounting Major II - Income tax, service tax and Goa Value added tax
The Employees' Provident Funds & Miscellaneous Provisions Act, 1952 established a social security system for employees in India. It operates three schemes - Provident Fund, Pension Fund, and Insurance Fund. The key provisions include mandatory contributions of 12% of wages by employer and employee for provident fund. The Central Provident Fund Commissioner can assess dues, impose interest for delayed payments, recover dues, and penalize defaulters. Exemptions are provided for small establishments and those under state/central government control. Employers must enroll all eligible employees and make contributions, maintain records, and file regular returns.
Presentation is on computation of income from Salaries . this presentation is for the benefit of undergraduate commerce students and is based on the B.Com syllabus of Goa University
This document summarizes recent changes to India's provident fund rules for international workers. Key changes include: provident fund money is now locked until retirement at age 58; international workers risk losing pension contributions unless covered by a social security agreement between India and their home country; international workers now need an Indian bank account to receive provident fund refunds. The goal of the changes is to encourage other countries to sign social security agreements with India to protect the social security of Indian workers overseas.
Bonus in india assumes different meaning altogether If you read the basic act and you can get thoroughly confused.
Age old laws with plenty of amendments , court rulings brought more confusion to the legal status and interpretation yet every personnel, hr manager grapples with it.
Here is attempt tp update with easy to read form
The Payment of Bonus Act 1965 makes it mandatory for establishments meeting certain criteria to pay annual bonus to eligible employees. Key points include:
- Minimum bonus of 8.33% of wages or Rs. 100 must be paid regardless of profit/loss.
- Bonus is calculated based on allocable surplus which is a portion of available surplus (gross profit - depreciation, taxes).
- New establishments are subject to special provisions for first 7 years before full rules apply.
- Minimum and maximum bonus amounts, eligibility criteria, and enforcement mechanisms are defined.
This document summarizes key aspects of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 in India. It applies to establishments with 20 or more employees and can be extended to those with less than 20 by the central government. The appropriate government is the central government for certain establishments and the state government for others. The act covers employees earning less than Rs. 6,500 per month. It is administered by the Central Provident Fund Commissioner and establishes rules around employee and employer contribution rates, interest rates on provident funds, and conditions for withdrawal of funds for purposes like housing, education, illness, and more.
The document discusses the Payment of Bonus Act 1965 in India. It provides definitions of key terms like bonus and outlines the aims, applicability, eligibility criteria, minimum and maximum bonus amounts under the Act. It also covers the methods to calculate statutory bonus and available surplus, as well as employers' obligations around payment timelines, registers, returns and penalties for non-compliance. The document answers several questions around entitlement of different employee types and closes with conclusions and bibliography.
This document provides an overview of the Indian Bonus Act of 1965. Some key points:
- The Act was passed to provide for the payment of bonus to employees in certain establishments based on profits or production.
- It applies to factories and other establishments with 20 or more employees.
- Eligible employees must have worked at least 30 days in an accounting year to qualify for bonus.
- Bonus is calculated based on allocable surplus, with a minimum of 8.33% of wages and maximum of 20% of wages.
- Any disputes around bonus payments are treated as industrial disputes and can be referred to labor courts.
- The Act establishes requirements for maintenance of registers and records by employers and provides
The document summarizes the key provisions and procedures related to India's Employees' Provident Funds And Miscellaneous Provisions Act, 1952. It outlines who the act applies to, contribution rates and eligibility, types of benefits including provident fund, pension fund and insurance, procedures for withdrawals and transfers, common problems faced and their remedies.
The document discusses various aspects of taxable salary income under the Income Tax Act in India.
1) Salary includes wages, allowances, bonuses, commissions, perquisites and other monetary payments received from an employer. Salary is taxable on an accrual basis at the place of employment.
2) Perquisites include benefits provided by employers such as rent-free accommodation, gas, electricity, water, free education for employees' children, interest-free loans, etc. Most perquisites are valued at a percentage of the employee's salary for tax purposes.
3) Some exemptions are provided for leave travel allowance, gratuity, encashment of leave salary, retrenchment compensation, pensions,
This document summarizes various types of non-taxable income under section 10 of the Indian Income Tax Act. It discusses income such as agriculture income, income received from a Hindu Undivided Family, share of profit received by a partner, leave travel concession, gratuity, pension, leave salary encashment, amounts received from insurance policies and provident funds, house rent allowance, special allowances, scholarships, government awards, minor children's income, and dividends that are fully or partially exempt from taxable income.
The document discusses the taxation of salaries under the Indian Income Tax Act of 1961. It defines what constitutes a salary and examines the relationship between employers and employees. It also outlines what qualifies as taxable salary components according to the Act, including basic salary, allowances, bonuses, retirement benefits, and perquisites.
The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 provides social security to industrial workers in India. It establishes provident funds, pension funds, deposit-linked insurance and other benefits for employees of covered organizations with 20 or more workers. All employees earning up to Rs. 6,500 per month must contribute 12% of wages to their provident fund, while employers must contribute 3.67% to provident funds and 8.33% to pension funds, as well as administrative fees. The Act mandates timely contribution payments, form submissions for new/leaving employees, and annual returns to ensure employee social security benefits are properly funded and administered.
The document provides information about the Employees' Provident Funds & Miscellaneous Provisions Act of 1952. It discusses the three schemes operated under the act: provident fund, pension fund, and insurance fund. It outlines contribution rates for employers and employees and coverage details. Key points covered include registration requirements, collection of contributions, compliance duties of employers, and services provided to members. Challenges in implementation are also summarized.
Utah Governor's Office of Economic Development presents new programs that can help small businesses with the challenges of staying open during Covid 19.
The document provides information on government support available to businesses during the Covid-19 pandemic, including:
- Increased statutory sick pay refunds for eligible employees off work due to Covid-19.
- Business rates relief for companies with properties below a rateable value of £51,000.
- Grants of £10,000 for businesses under £15,000 rateable value and £25,000 for those below £51,000.
- Coronavirus business interruption loans of between £1,000-£5m with an 80% government guarantee.
- Support includes tax payment deferrals and universal credit for self-employed and low income individuals.
Cardens Accountants Covid19 client handout Laura Comben
This document provides a summary of the various government support schemes available to businesses and individuals in the UK during the Covid-19 pandemic. It outlines schemes such as the Coronavirus Job Retention Scheme which provides grants to cover 80% of wages, business rates relief for certain sectors, grants of up to £10,000 for small businesses, deferred tax payments, access to government-backed loans, and a new scheme to provide grants to self-employed individuals. The document provides details on eligibility and how to access each of the support measures.
The document summarizes the UK government's financial support measures for businesses affected by the coronavirus outbreak and provides advice from accounting firm CHW. The government announced a £350 billion support package including business rates holidays, cash grants, covering sick pay costs, loans, and tax payment delays. However, CHW believes these measures may not prevent significant cash flow issues for many businesses. They offer services to help businesses with cash flow modelling, accessing funding, negotiating with creditors and tax authorities, and adapting to remote work during this challenging time.
“Knowledge is like a garden; if it is not cultivated, it cannot be harvested.” Hi Good morning, attached today's newsletter dated 17.09.2020. have a great day ahead
This webinar provided information to help businesses navigate the COVID-19 pandemic. It discussed various tax payment deferral options available from HMRC, the Coronavirus Business Interruption Loan Scheme which provides government-backed loans to SMEs, grants and business rates relief for retail, hospitality, and leisure sectors, and the Self-Employment Income Support Scheme that allows self-employed individuals to claim grants worth 80% of profits. The webinar also addressed frequently asked questions about the UK government's job retention scheme including how it works, eligibility, and claiming the grants to pay furloughed employees.
The document summarizes various government support schemes for businesses in the UK during the COVID-19 pandemic. It outlines schemes to reimburse wages for furloughed employees, defer VAT payments, provide loans, grants for small businesses, rebates for sick pay, and income support for self-employed individuals. The main schemes aim to help businesses avoid laying off workers and support those affected by interruptions due to the coronavirus.
What Businesses Can Do To Stay Resilient During COVID-19InCorp Global
With the COVID-19 pandemic affecting the economy worldwide, Singapore’s GDP growth is currently at the weakest since the 2008 financial crisis.
Check out what businesses can do to stay resilient during COVID-19 at www.incorp.asia.
Newsletter on daily professional updates- 21/05/2020CA PRADEEP GOYAL
This newsletter summarizes updates related to professional and financial matters from May 21, 2020. It covers topics such as direct tax, indirect taxes, corporate law, insolvency and bankruptcy, and economic regulations. Specifically, it provides information on GST circulars and notifications, clarification on cash receipt requirements, ICAI and ICSI announcements, SEBI guidance on COVID-19 impact disclosure, RBI bank credit and deposit statistics, and requests from banks to relax NPA norms and extend the loan moratorium. The newsletter is published daily from Monday to Friday by Pradeep Goyal, a chartered accountant and insolvency professional.
“The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.”- attached today's newsletter 07.08.2020. Have a great day ahead.
"Develop a passion for learning. If you do, you will never cease to grow.”- attached today's newsletter dated 06.08.2020. Have a great day ahead- regards Pradeep
Link to join wtsapp group to get this daily newsletter
https://chat.whatsapp.com/G38rzhWW30s2mpThzMZQKb
Depths of Financial Relationships in 2022Yvonne Gamble
Financial depth captures the financial sector relative to the economy. It is the size of banks, other financial institutions, and financial markets in a country, taken together and compared to a measure of economic output. To assure success in business you must both deepen and broaden your financial depths to increase product and service capability relative to your industry. The parameters to be acutely aware of, who you do business with or for, the solidarity of business relationships, the size of your banks, financial institutions, and financial markets as you expand your territory within and outside of your country, taken together and compared will determine the measure of your businesses’ economic output. This compilation discusses what “DEPTHS of Financial Relationships in 2022” means to Business Owners.
Innovation Loans Competition Briefing: April 2021KTN
- The document provides information about Innovation Loans from Innovate UK, which are loans for later stage research and development projects with commercial potential.
- The loans can provide up to £1.6 million for eligible project costs, with an interest rate of 7.4% and repayment terms of up to 7 years. They target innovative, growth-oriented small and medium enterprises.
- The application process involves answering business and financial questions, completing a financial spreadsheet with historical and forecast financials, and providing details on the proposed project and costs. Applications will be assessed based on the quality of the project and business, as well as the need for funding.
Coronavirus Financial Assistance ProgramsMark Gottlieb
[Attorneys of All Disciplines] Under The Caption - "Must Be Shared" - Download our PowerPoint Presentation discussing the various Coronavirus Financial Assistance Programs. Many of you are also eligible. Call us if you need further assistance.
[퐀퐭퐭퐨퐫퐧퐞퐲퐬 퐨퐟 퐀퐥퐥 퐃퐢퐬퐜퐢퐩퐥퐢퐧퐞퐬] 퐔퐧퐝퐞퐫 퐓퐡퐞 퐂퐚퐩퐭퐢퐨퐧 - "퐌퐮퐬퐭 퐁퐞 퐒퐡퐚퐫퐞퐝"- Download our PowerPoint Presentation discussing the various Coronavirus Financial Assistance Programs. Many of you are eligible. Call us if you need further assistance.
This document summarizes key changes from Singapore's 2017 budget, including:
- A 20% personal income tax rebate up to $500 for individual taxpayers.
- Enhanced corporate income tax rebates of 50% up to $25,000 for YA2017 and 20% up to $10,000 for YA2018.
- New tax incentives like an intellectual property development incentive and enhancements to existing incentives for aircraft leasing, global trading, and project financing.
- Targeted measures to help sectors facing cyclical weakness and support firms in digitalization and internationalization.
The CARES Act provides $2 trillion in emergency relief for individuals and small businesses affected by COVID-19. It includes the Paycheck Protection Program which provides loans that can be forgiven if payroll is maintained, Economic Injury Disaster Loans and grants of up to $10,000 for small businesses, and allows deferral of payroll taxes until 2021-2022. The document provides details on these and other programs to help small businesses and answers frequently asked questions.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
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2. 2
About Lawpath
The legal industry’s traditional model has
created a barrier to much needed legal
services for so many Australian businesses.
Through the power of technology, we’re
paving the way for businesses to get the
access to legal protection they deserve, at a
fraction of the time, cost and complexity.
To date we’ve helped over 200,000
businesses save $100m+ in legal fees.
5. Disclosure
The information provided is of general in nature and should not
be relied upon without consulting the advice of an independent
expert. The advice does not constitute financial advice.
Should you wish to engage either POP or Lawpath to assist you
with your Grant, we would be happy to assist you.
6. Meet Patrick Sargent
● CEO & Co-Founder at POP Tax & POP Business
● Chartered accountant & Registered Tax Agent
● Expertise in business advisory, tax compliance &
Virtual CFO
7. Victorian Business Support Package
The new Victorian Business Support Package will deliver an additional $400 million in support to
thousands of businesses, with funding to be split 50/50 between the Commonwealth and
Victorian Government.
New Grants
● $85 million Small Business COVID Hardship Fund
● $156 million Business Continuity Fund
● Support for commercial tenants and landlords.
Additional funding for existing grants
● $70 million for the Licensed Hospitality Venue Fund 2021
● $9.8 million for Alpine Business Support.
9. Available Funding
A new $180 million fund will be established to support small businesses who
have not been eligible under existing business support funds.
Small businesses with a payroll of up to $10 million who have experienced a
70 per cent or greater reduction in revenue will be eligible for grants of up to
$10,000.
https://business.vic.gov.au/grants-and-programs/small-business-covid-ha
rdship-fund
10. Eligibility
To be eligible, businesses must:
● be located within Victoria
● as a direct consequence of COVID-19 restrictions since 27 May 2021 have experienced a reduction in
turnover of at least 70% for a minimum consecutive two-week period comparable to a benchmark
period in 2019
● have an annual Victorian payroll of up to $10 million in 2019-20 on an ungrouped basis
● have been registered for Goods and Services Tax (GST) on and from 28 July 2021
● hold an Australian Business Number (ABN) and have held that ABN on and from 28 July 2021
● be registered with the responsible Federal or State regulator.
Employing businesses must also:
● be registered with WorkSafe Victoria
● attest that the business is supporting its workers to access any paid leave entitlements, or that if a
person can work from home, to work from home during the COVID-19 restrictions, and supporting their
casual workers, where possible.
11. Further Eligibility Req.
When applying for this grant you will need:
● to demonstrate a reduction in turnover of at least 70% for a minimum consecutive two-week period
since 27 May 2021 as a direct consequence of COVID-19 restrictions, comparable to a benchmark period
in 2019
○ businesses should compare their best consecutive two-week trading period between 27 May and
10 September 2019, with their worst consecutive two-week trading period between 27 May and 10
September 2021
● endorsement of the reduction in turnover by a qualified agent (qualified accountant, registered tax
agent or registered BAS agent)
Applicants with multiple businesses
You can only apply for one grant per ABN. If you have separate ABNs for your businesses, you must submit
separate applications for each ABN. Each business or ABN must satisfy all the eligibility criteria.
12. Further Eligibility Req.
Businesses will not be eligible to receive a Small Business COVID Hardship Fund grant if they
have received support under any of the government COVID-19 support packages launched on
and after 27 May 2021, including:
• Business Costs Assistance Program Round Two
• Business Costs Assistance Program Round Two Extension
• Licensed Hospitality Venue Fund 2021
• Licensed Hospitality Venue Fund 2021 – July Extension
• Alpine Resorts Support Program
• Victorian Events Support Package, comprising of:
• Sustainable Events Business Program
• Impacted Public Events Support Program Independent Cinema Support Program
• Live Performance Support Program (Presenters)
• Live Performance Support Program (Suppliers)
13. Comparison period
Impacted Period is 27 May 2021 to 10 September 2021 Benchmark Period is;
• For businesses that were actively trading in 2019: 27 May 2019 to 10 September 2019, or
• For businesses that were not actively trading in 2019: 1 February 2021 to 28 July 2021.
The comparison point for businesses:
• actively trading in 2019, should generally be the similar time of the year unless there are
exceptional reasons as to why a different time is chosen, noting that slight adjustments for
trading days are acceptable; or
• not actively trading in 2019, should reflect a normal level of trading activity for your business
between 1 February 2021 to 28 July 2021.
14. Comparison Period Eligibility Test
Declare you experienced the required decline in turnover due to the Public Health Orders over a
minimum 2-week period from 26 June 2021 to 17 July 2021 compared to the same period in June
and/or July 2019;
Example;
Sales 27 June 2019 to 10 July 2019 = $10,000
Sales 27 June 2021 to 10 July 2021 = $2,000
Decline in turnover $ = $8,000
Decline in turnover % = 80% ($8,000/$10,000)
In this example, the business may be eligible for the $10,000 grant given the decline exceeds the
70% test.
15. Comparison period contin..
What happens if my turnover for the benchmark period in 2019 was not representative of my
usual turnover, for example due to a natural disaster?
The benchmark period should generally be the similar time of the year as the impacted period unless
there are exceptional circumstances that affected your turnover, for example:
● natural disasters
● sickness, injury or leave of key personnel
● acquisition, disposal, or restructure that changed the entity’s turnover
● a business’ start-up phase.
In these circumstances, you can demonstrate a reduction in turnover of 70% or more over a
consecutive two-week period since 27 May 2021 by comparing to a two-week period of normal
trading activity between 1 February 2021 and 28 July 2021.
16. Funding use
Grant funds must be used to assist the business, for example on:
• Meeting business costs, including utilities, wages or rent;
• Seeking financial, legal or other advice to support business
continuity planning;
• Developing the business through marketing and communications
activities; or
• Any other supporting activities related to the operation of the
business.
17. How to apply
• Applications are submitted online via the Business Victoria website
(business.vic.gov.au).
• All questions in the application need to be completed and requested information is to
be provided to ensure timely assessment and grant payment.
• If you have any queries about your application or require further information on the
program visit business.vic.gov.au or contact the Business Victoria Hotline at 13 22 15.
Closing date
• The Program will be open for applications until program funds are exhausted or 11.59
pm Friday 10 September 2021, whichever is earlier.ting activities related to the
operation of the business.
19. Available Funding - July Extension
The Victorian Government’s Business Costs Assistance Program Round Two July Extension (BCAP2e) gives
eligible businesses that had not previously applied for the Program in June, or have since become eligible,
with the opportunity to apply for the equivalent of the July Top-Up Payments.
The program offers grants of $4800 to eligible businesses, including employing and non-employing
businesses, depending on their industry sector
The Program will be open for applications until program funds are exhausted or 11.59pm 13 August 2021,
whichever is earlier.
Applicants are required to submit an application online via the Business Victoria website
(business.vic.gov.au). All questions in the application need to be completed and requested information is to
be provided to ensure timely assessment and grant payment.
20. Eligibility
To be eligible for the Program, a business must:
1. Be located within Victoria; and
2. Be registered as operating in an eligible industry sector identified in the List of Eligible ANZSIC classes (as
defined by the ANZSIC class linked to the business’ ABN); and
3. Have incurred direct costs as a result of the July COVID-19 Restrictions and the business cannot predominantly
operate remotely; and
4. Have an annual Victorian payroll of up to $10 million in 2019-20 on an ungrouped basis; and
5. Be registered for Goods and Services Tax (GST) on 15 July 2021; and
6. Hold an Australian Business Number (ABN) and have held that ABN on and from 15 July 2021; and
7. Be registered with the responsible Federal or State regulator.
For employing businesses only:
1. Be registered with WorkSafe Victoria; and
2. Attest that the business is supporting its workers to access any paid leave entitlements, or that if a person can
work from home, to work from home during the July COVID-19 Restrictions, and supporting their casual workers,
where possible.
21. Eligibility cont.
Businesses are NOT eligible for a grant under this program if they have received a grant under:
● the Business Costs Assistance Program Round Two, or
● the Licensed Hospitality Venue Fund 2021
Businesses can apply for the grant if they have received assistance through the:
● Business Support Fund,
● payroll tax rebate/waiver,
● other COVID-19 programs
Applicants with multiple businesses:
You can only apply for one grant per ABN. If you have separate ABNs for your businesses, you
must submit separate applications for each ABN. Each business or ABN must satisfy all the
eligibility criteria.
22. Information you need for your application
When applying for this grant you will need:
● a valid Australian business number (ABN) for your business in one of these eligible
business sectors linked to your ABN registration.
● if you employ people, your WorkCover Employer Number (WEN) or, if this is yet to be
issued, a WorkSafe Application Reference Number (WRN)
● a valid proof of identity document (Australian driver licence, Australian Passport,
Medicare Card and foreign passport with Australian visa).
Please make sure your ABN information on the Australian Business Register (ABR) is up to
date and correct – including ANZSIC class, location and authorised contact details.
Please also make sure that your ASIC registration, or relevant regulator information, is
current (where required).
23. Funding use
Grant funds must be used to assist the business, for example on:
• Meeting business costs, including utilities, wages or rent;
• Seeking financial, legal or other advice to support business continuity
planning;
• Developing the business through marketing and communications
activities; or
• Any other supporting activities related to the operation of the business.
24. Available Funding - Round Three
The Business Costs Assistance Program Round Three provides additional
support to eligible small to medium businesses in sectors affected by the
current restrictions in metropolitan and regional Victoria.
Successful recipients of the Business Costs Assistance Program Round Two
and the Business Costs Assistance Program Round Two July Extension will
receive an additional $2800.
You do not need to apply for this payment, it will be automatically paid to
eligible businesses.
25. Available Funding - Round Three
Can I receive the Business Costs Assistance Program Round Three payment as
well as the Tourism Supplement and previous Top-Up Payments?
Yes. All successful grant recipients to the Business Costs Assistance Program Round
Two and Business Costs Assistance Program Round Two July Extension will receive the
Business Costs Assistance Program Round Three payment. The payment will also be
paid if you received the Tourism Supplement or the June Top-Up Payment.
27. Available Funding
A $156 million Business Continuity Fund will be established to deliver $5000 grants to up to
around 30,000 businesses that remain impacted by capacity limits placed on businesses by
necessary public health restrictions.
Twenty-four eligible sectors are covered by the fund for businesses including gyms, cafes,
restaurants, event businesses, catering services and hairdressers.
Recognising businesses located in the CBD will continue to be impacted due to restrictions on
the number of staff allowed in office buildings, they will be eligible to receive an additional
$2000.
To receive this funding, businesses must have received or be eligible for the Business Cost
Assistance Program Round Two or Round Two July Extension. Eligible businesses will
automatically receive this funding - they do not need to apply for it.
29. Available Funding
The Licensed Hospitality Venue Fund 2021 July Extension supports eligible licensed
hospitality venues that were affected by the COVID-19 restrictions announced on 15 July
2021, but did not apply for the Licensed Hospitality Venue Fund 2021 in June 2021.
Eligible businesses will be invited to apply for grants of $7200 for each eligible premises.
Eligible liquor licensees with an eLicence email address registered with the Victorian
Commission for Gambling and Liquor Regulation (VCGLR) will receive an email containing
their grant application link from Business Victoria.
Liquor licensees without an eLicence email address must set one up on their VCGLR Portal
by 11.59pm on Monday 9 August 2021 to receive their grant application link.
Applications for a grant can only be submitted through the link emailed by Business
Victoria.
30. Eligibility
To be eligible for the grant, an applicant must:
• operate a licensed bar, restaurant, pub, club, hotel, café or reception centre that is registered to
serve food and alcohol (Premises) in Victoria on 15 July 2021
• hold a general or late night (general), full club, restaurant and cafe, producer’s or on-premises, or
late night (on-premises) liquor licence on 15 July 2021
• provide a Class 2 or 3 Service Sector Certificate of Registration under the Food Act 1984 that is valid
in 2020 or 2021 for serving food on the same premises
• be registered for goods and services tax (GST) on 15 July 2021
• hold an Australian Business Number (ABN) and have held that ABN on 15 July 2021
• be registered with the responsible Australian or Victorian regulator.
For employing businesses only, the applicant must confirm that the business is supporting its workers
(including casual workers, where possible) to access any paid leave entitlements, or that if a person can
work from home, to work from home during the Victorian Government COVIDSafe restrictions.
31. Application
Applications are now open and will be available until 11:59pm on Friday 13
August 2021.
Businesses must submit an application online through a form link sent via
Business Victoria to the liquor licensee’s eLicence email address.
Applicants have to provide:
● Copies of the documents & registrations required under the eligibility
criteria.
● ID e.g. drivers licence
● Medicare Card
● Passport (for those in Australia under a visa)
32. Exclusions
Businesses who hold a food certificate but do not hold a liquor licence are not
eligible for a grant under this program. Businesses who hold a liquor licence
but do not have a food certificate for the same premises are also not eligible
for a grant under this program.
Businesses will not be eligible to receive a Licensed Hospitality Venue Fund
July Extension grant if they have received support under any of the following
programs:
• Licensed Hospitality Venue Fund 2021 for the same premises
• Business Costs Assistance Program Round Two
• Business Costs Assistance Program Round Two July Extension.
34. Commercial Tenancy Relief
The Commercial Tenancies Relief Scheme will be reinstated to provide much
needed rent relief to small to medium commercial tenants and their landlords with
more details on the roll out to be provided by the Victorian Government soon.
The package, to be fully funded by the Victorian Government, will deliver $80 million
to provide support to landlords that provide rent relief to their tenants.
The Victorian Government is yet to announce a date for the reinstatement of this
program or any changes to it’s eligibility requirements and application process.
36. Available funding
The Alpine Business Support program will receive a further $9.8 million to continue
delivering support for affected businesses. The existing grant provides between
$5,000 and $20,000 to 430 Alpine based businesses in recognition of restricted
inter and intra-state travel during the peak winter season.
The funding also includes an additional $5 million support to alpine resort operators
and management boards.
Eligibility requirements for this new round are yet to be announced, however the
requirements for the previous round can be found here:
https://business.vic.gov.au/grants-and-programs/alpine-resorts-winter-support-
program
39. Available Funding
This program provides $1200 rebates so small businesses can access a range of
digital business tools.
The Victorian Government has partnered with 14 suppliers to help you build or
upgrade your website, improve your cash flow, start online marketing, manage
your jobs and projects, and keep better track of stock.
Here’s how it works:
1. Take free product trials and workshops
2. Choose one or more of the digital products
3. Purchase your product and start using it
4. Apply for the rebate to cover up to 12 months access
5. Claim your $1,200.
40. Eligibility
The Small Business Digital Adaptation Program is for sole trader, micro
businesses and small businesses. To be eligible for the program an
applicant must:
• Operate a business located in Victoria
• Hold an Australian Business Number (ABN)
• Have held that ABN on 13 September 2019.
The program is currently closed, but applications will reopen soon.
41. Lawpath is proud to be a part of the Small
Business Digital Adaptation Program.
You can claim back the cost of our Legal
Plans and access a year of on demand legal
advice through the $1,200 rebate.
To confirm your eligibility, use our ABN
checker here - https://my.lawpath.com/vic-program-info
43. Available Funding
If you have apprentices, you may qualify for the JobTrainer apprentice
supplement.
The incentive payments to employers are based on the apprenticeship
certificate level completed. The majority of incentive payments are one-off
and paid annually at the end of the year. Payments range from $750 to
$4000, depending on the incentive. Payments to offer apprenticeship
opportunities to apprentices with a disability are paid weekly.
https://www.business.gov.au/grants-and-programs/Australian-Apprentices
hips-Incentives-Program
45. Available Funding
You can apply for extended and expanded payroll tax deferral. Eligible
businesses with payrolls up to $10 million can defer their liabilities for the full
2020/21 financial year.
Eligible employers will receive a credit of 10 cents for every dollar of Victorian
taxable wages paid in the relevant designated financial year that are above
the previous financial year’s wages. The credit will be applied against the
employer’s payroll tax liabilities at the end of the relevant designated
financial year. The waiver may partially or fully extinguish the payroll tax
liability for an eligible employer for the designated year.
https://www.sro.vic.gov.au/coronavirus-payroll-tax-relief#waiving-20-22-pt
x