COVID-19 (Coronavirus)

At times like these we understand that there is an information overload, and you may be confused about where you stand.

The team at Spencer Accountants are here to help and we hope you find our user friendly information on the COVID-19 stimulus packages helpful to assist you with your individual circumstances.

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JobKeeper – Easing Eligibility

More employees will be eligible for JobKeeper, with new workers qualifying for payments


JobTrainer Skills Package

The JobTrainer fund is anticipated to provide for around 340,700 additional training places


Extension of the JobSeeker Program

From 25 September 2020, new eligibility testing and access to payments for new and existing JobSeeker and other income support recipients will also be introduced


JobKeeper Changes Announced

The Government announced it is extending the JobKeeper Payment until 28 March 2021 and is targeting support to those organisations which continue to be significantly impacted by the Coronavirus


Your Post-COVID Business Repair Kit

The challenges of repairing and rebuilding business finances after the COVID-19 lock down and June 30

Working From Home

New Tax Shortcut for Employees Working from Home

The ATO has announced shortcut rules if you find yourself working from home

JobKeeper Payment

JobKeeper Payment Now Officially Passed by the Government

Workers with multiple jobs If you are employed by multiple businesses, you are only eligible to receive the JobKeeper payment from your nominated primary employer. Timing The JobKeeper will be available from March 30 and will last until September 27 2020, employers can expect to receive payments from the first week of May. Payments will…

JobKeeker Payment

JobKeeper Payment: What it is, How Much and Who is Eligible?

Eligible employees will earn the $1500 JobKeeker payment per fortnight. If you earn less than $1500 you will be ‘topped up’ to $1500 per fortnight. In order to be eligible you must be aged at least 16 and be an Australian citizen or permanent, special category or Protected Special Category visa holder. Non protected PSC…


JobKeeper Program – Help for businesses

An unprecedented assistance to help businesses of all sizes manage their cashflow and retain their employees


What it Means for Pensioners

Retirees affected by falling superannuation balances and deeming rates out of line with historically low interest rates have been offered some reprieve. In addition to the cut in pension deeming rates announced in the first stimulus package, the Government has cut deeming rates by a further 0.25 percentage points. Deeming rates are the amount the…

Low Income

Low Income Households and Pensioners Payments

These payments will support households to manage the economic impact of the Coronavirus, by provide assistance to lower income Australians, including pensioners, other social security and veteran income support recipients and eligible concession card holders. The first payment (announced on 12 March 2020) will be available to people who are eligible payment recipients (Age Pension,…


Temporary Access to Superannuation

Access up to $10,000 of your super between now and 1 July 2020


Early Childhood Education and Care Subsidy

Free child care for families


Boost to Health Services and Domestic Violence Support

A New package designed to provide medical care and help to the many who are facing hardship as a result of this crisis.


Supporting Apprentices and Trainees

The Federal Government is supporting small business to retain their apprentices and trainees,


Award Flexibility – Proposed New Pandemic Leave

Fair Work Commission’s intention to update 103 awards during the Coronavirus


Temporary Relief for Financially Distressed Businesses

Relief is available for businesses temporarily suffering from financial hardships

Cash flow

Boosting Cash Flow for Employers

The Government is providing tax-free cash flow boosts between $20,000 and $100,000 to eligible businesses

Commercial tenants

Commercial Tenants Rent Relief Package

The Government has announced new commercial rental waivers and deferrals for commercial tenants

Asset Write-off

Instant Asset Write-off Increase

The Government is increasing the Instant Asset Write-off


JobSeeker or JobKeeper?

Welfare packages to help Australians who’ve found themselves out of work


JobKeeper Payment

The new JobKeeper Payment will help employers (including self-employed) to survive the current tough trading conditions


Instant Asset Write-off Threshold Increase Explained

How can the instant asset write-off (IAW) help your business


Initial Stimulus Package

A brief guide to the initial four major components of the the Government’s stimulus package


Australian Government’s Response to Coronavirus

Useful links for the Economic Response to Coronavirus


COVID-19 – How to Contact Us

Spencer Accountants is taking the Coronavirus very seriously and our first priority is the safety of you, your family and our team.

For a full breakdown of the Federal Governments latest Coronavirus news visit