The new national minimum wage which applies to all full-time and part-time employees who are not covered by an award or agreement, will increase to $753.80 per week or $19.84 per hour (before tax) from 1 July 2020. The increase to awards will happen in 3 groups with 3 separate dates.
Archives for June 2020
Winter 2020 economic outlook
The world began 2020 much as it ended in 2019. There was growing optimism in the global economy with expectations that the US and China had ‘buried the hatchet’ on trade disputes and the United Kingdom would be exiting the European Union (EU) in a less disruptive fashion. This optimism lasted until February.
Small Business COVID-19 Adaption Grant Program
⚠️ The Queensland Government’s Small Business COVID-19 Adaption Grant Program Round 2 will open on 1 July 2020. To get ready to submit an application, follow the ‘how to apply’ information here or call OBT’s friendly Business Solutions team on 07 5462 2277. Hurry! The first round closed fast.
Meet OBT’s new client accounting support admin
Meet Terri Hamilton who works closely with Debbie as OBT’s Client Accounting Support Administrator looking after our clients’ correspondence and queries.
$150,000 instant asset write-off extended
Farmers have applauded the federal government’s decision to extend its $150,000 instant asset investment write-off offer until December after many businesses highlighted the previous deadline was too short to make practical use of the incentive.
Monthly reporting for JobKeeper Payments
Important information about the reporting process for the business monthly declaration for employers receiving the Jobkeeper payment subsidy.
Is Your Business Model Standing the Test of COVID-19?
Your Business Model is not something you change lightly. Only fundamental shifts in your market, vision or business priorities will justify modifying how you make money. That said, a vibrant and resilient organisation is ultra-sensitive to change and responds quickly.
Build your financial security with OBT Financial Group – Lockyer Valley Business of the Year recipients and specialist financial advisers to individuals, business owners and farming families on accounting, tax, business advice and wealth planning for over 40 years.



