Let our experienced team help you
with your business recovery strategy

Market fluctuations and unpredictable global situations like the Corona pandemic have highlighted how important it is to to have a business recovery strategy in place.

From navigating government support programs like Jobkeeper and working out how to manage costs in the face of reduced revenue, professional advice will help your business have the best chance at survival.

So what do you need to know moving forward? Let's dive into how our team can help you weather the storm.


The JobKeeper Payment scheme is a temporary subsidy for all businesses dramatically affected by the current global health crisis (COVID-19).

The Federal Government is currently providing a fortnightly payment of $1500 per eligible employee until 27 September 2020.

The JobKeeper is administered by the Australian Taxation Office (ATO) and offered to eligible employers, sole traders and other entities.

Are you eligible? Contact us now!

SME Guarantee Scheme

The Coronavirus SME Guarantee Scheme will guarantee 50 per cent of new loans issued by eligible lenders to SMEs.

The guarantee will apply to eligible unsecured loans of up to $250,000 per borrower (plus interest) and will apply to both principal and interest.

Loans must be approved by 30 September 2020 in order to be covered by the guarantee.

The Government will provide eligible lenders with a guarantee for loans with the following terms:
  • SMEs, including sole traders, with a turnover of up to $50 million.
  • Maximum total size of loans of $250,000 per borrower.
  • Loans will be up to 3 years, with an initial 6 month repayment holiday.
  • Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.


The Australian Taxation Office (ATO) will provide relief for certain tax obligations for businesses affected by the Coronavirus on a case-by-case basis.

Contact us now to find out if you can take advantage of BAS payment deferrals and monthly GST credits.

All You Need to Know About JobKeeper

What are the latest updates?

  • On July 21st, the government announced proposed changes to JobKeeper including an extension through to 28 March 2021. These changes will not impact any JobKeeper payments until after 28 September 2020.
  • As of July 20th, changes to eligibility for JobKeeper payments will affect approved providers of child care services.
  • You can enrol for the JobKeeper Payment at any time until the program closes if your circumstances have changed. Check if you are eligible at Enrol for JobKeeper.
  • The ATO and Federal Government have compliance activities underway to make sure JobKeeper payments are getting to eligible employers.

JobKeeper fortnights

JobKeeper Fortnight

Period relating to each JobKeeper Fortnight

Employees are paid on or before


22 June – 5 July

5 July


6 July – 19 July

19 July


20 July – 2 August

2 August


3 August – 16 August

16 August


17 August – 30 August

30 August


31 August – 13 September

13 September


14 September – 27 September

27 September

When paying your eligible employees, it's not necessary to adjust your pay cycle through your existing payroll solution.

However, if you usually pay your employees less often than fortnightly, the payment can be allocated between fortnights in a reasonable manner.

It's not too late to apply!

Maybe you thought JobKeeper was too complicated or perhaps it's only become clear that you're eligible.

The good news is that it's not too late to apply, just reach out to us at Accumulus today and we will help you get the ball rolling.

How else can I support my small business?

What other support is available?

Aside from JobKeeper payments, there are a few other resources available to small businesses, including relief for commercial tenants and early access to Superannuation. Additionally, the Victorian State Government announced on July 10th a $534 million support package which offers:
  • cash grants for struggling businesses
  • mental health support for business owners
  • relief for tourism operators who can no longer welcome Melbourne-based visitors for holidays
  • financial support to be used for seeking advice and business strategy support

Business Support Fund - Expansion

Since announcing the Stage 3 ‘Stay at Home’ across metropolitan Melbourne and Mitchell Shire, the Victorian Government understand the sudden change means local businesses need a boost in support.

Businesses within metropolitan Melbourne and Mitchell Shire that are affected by the return to Stay at Home restrictions may be eligible for a one-off, $5,000 grant under the Business Support Fund - Expansion program. 

Applications for the program close on 19 August 2020.

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