Whyte Group Operational Update:

In an attempt to stop the spread of COVID-19, we have made the decision to allow the staff of Whyte Group to work remotely where required.

Effective immediately, our offices will be closed to the public, with all appointments to be conducted by telephone or video (where available).
All phone calls can be made as normal to our phone number and our administration team can assist you with putting you in touch with the relevant team member.
All our staff are set up with access to files and emails whilst working out of the office.

Importantly, we can and will remain open throughout any closures or lock downs that the Government puts into place. Please be patient with our new process and the lack of face to face availability of our staff.

We are business as usual in all other regards.

Please See Our Latest JobKeeper Update Here

Government Stimulus Package Update

The Government has introduced a number of Coronavirus stimulus packages for individuals, retirees and small to medium sized businesses. We have summarised these measures below and have attached the relevant fact sheets for your perusal.

Cash Flow Boost for employers – up to $100,000 to eligible small and medium sized businesses, and not-for-profits (including charities) that employ people.
Delivering support for business investment – instant asset write-off (IAWO) threshold increased from $30,000 to $150,000.
Assistance for severely affected regions and sectors – $1 billion to support communities, regions and industries most significantly affected by the Coronavirus outbreak.
Supporting the flow of credit – The Government will provide a guarantee of 50 per cent to small and medium enterprises’ lenders for new unsecured loans to be used for working capital.
Early Access to Super – possible access to two payments of $10,000 from your superannuation fund.
Reduction in Minimum Pension payment drawdown rates – to preserve the capital of your superannuation fund if you do not need to draw down the required minimum pension amount using the standard thresholds.
Providing temporary relief for financially distressed businesses – to lessen the threat of actions that could unnecessarily push a business into insolvency and force the winding up of the business.
Income Support for Individuals – expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 per fortnight.
Payments to Support Households – providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders.

The Queensland State Government is also in the process of offering its own stimulus measures which, at the time of writing, included:

$200 off a utility bill for Queensland households
$500 rebate on a power bill for sole traders, small and medium sized businesses
Refund of two months’ worth of payroll tax for small to medium sized businesses
Three month payroll tax holiday and a further six month deferral for these businesses
Package of up to $500 million to assist workers who lose their job or income, to help them find jobs in vital industries

Download the fact sheets:
Cash Flow Boost for employers
Delivering support for business investment
Assistance for severely affected regions and sectors
Supporting the flow of credit
Early Access to Super
Reduction in Minimum Pension payment drawdown rates
Providing temporary relief for financially distressed businesses
Income Support for Individuals
Payments to Support Households

COVID-19 Update and Whyte Group Accountants

Whyte Group Operational Update:

In an attempt to stop the spread of COVID-19, we have made the decision to allow the staff of Whyte Group to work remotely where required.

Effective immediately, our offices will be closed to the public, with all appointments to be conducted by telephone or video (where available).

All phone calls can be made as normal to our phone number and our administration team can assist you with putting you in touch with the relevant team member.

All our staff are set up with access to files and emails whilst working out of the office.

Importantly, we can and will remain open throughout any closures or lock downs that the Government puts into place. Please be patient with our new process and the lack of face to face availability of our staff.

We are business as usual in all other regards.

Please See Our Latest JobKeeper Update Here

Government Stimulus Package Update

The Government has introduced a number of Coronavirus stimulus packages for individuals, retirees and small to medium sized businesses. We have summarised these measures below and have attached the relevant fact sheets for your perusal.

Cash Flow Boost for employers – up to $100,000 to eligible small and medium sized businesses, and not-for-profits (including charities) that employ people.

Delivering support for business investment – instant asset write-off (IAWO) threshold increased from $30,000 to $150,000.

Assistance for severely affected regions and sectors – $1 billion to support communities, regions and industries most significantly affected by the Coronavirus outbreak.

Supporting the flow of credit – The Government will provide a guarantee of 50 per cent to small and medium enterprises’ lenders for new unsecured loans to be used for working capital.

Early Access to Super – possible access to two payments of $10,000 from your superannuation fund.

Reduction in Minimum Pension payment drawdown rates – to preserve the capital of your superannuation fund if you do not need to draw down the required minimum pension amount using the standard thresholds.

Providing temporary relief for financially distressed businesses – to lessen the threat of actions that could unnecessarily push a business into insolvency and force the winding up of the business.

Income Support for Individuals – expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 per fortnight.

Payments to Support Households – providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders.

The Queensland State Government is also in the process of offering its own stimulus measures which, at the time of writing, included:

$200 off a utility bill for Queensland households

$500 rebate on a power bill for sole traders, small and medium sized businesses

Refund of two months’ worth of payroll tax for small to medium sized businesses

Three month payroll tax holiday and a further six month deferral for these businesses

Package of up to $500 million to assist workers who lose their job or income, to help them find jobs in vital industries

Please do not hesitate to contact our office for further assistance on how you may access these measures (where applicable).