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It is clear that we have entered a recession” that will be worse than in 2009 following the global financial crisis, says IMF Chief. The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations. With the worldwide economic “sudden stop,” Georgieva said the fund’s estimate “for the overall financial needs of emerging markets is $2.5 trillion.” Governments in emerging markets, which have suffered an exodus of capital of more than $83 billion in recent weeks, can cover much of that, but “clearly the domestic resources are insufficient” and many already have high debt loads. Over 80 countries, mostly of low incomes, have already have requested emergency aid from the International Monetary Fund. The fund is aiming to beef up its response “to do more, do it better, do it faster than ever before.” The IMF Chief officially requested a increase in the fund’s fast-deploying emergency facilities from their

Individuals affected by the coronavirus can access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. You will be able to apply for early release of your superannuation from mid-April 2020. While superannuation helps people save for retirement, the Government recognizes that for those significantly financially affected by the coronavirus, accessing some of their superannuation today may outweigh the benefits of maintaining those savings until retirement. Eligible individuals will be able to apply online through myGov to access up to $10,000 of their superannuation before 1 July 2020. They will also be able to access up to a further $10,000 from 1 July 2020 for approximately three months (exact timing will depend on the passage of the relevant legislation). Eligibility To apply for early release, you must satisfy any one or more of the following requirements: ·  you’re unemployed ·  you’re eligible to receive a job seeker payment

Now replace your traditional phone system by adding a set of calling features delivered with a Phone System in Office 365. You will be able to make as well as receive important business calls in the office, on the road or at home, using your PC, phone, or mobile device. You will be able to access your business anywhere, any time. Why Choose Us? At FLYONIT , we can provide you Unified Communication solution in an affordable price. Our Unified Communication solution will let you communicate anywhere in the world. There is no costly hardware as well as no need for multiple phone providers. Remember, our team of professionals care about your business as much as you do. So if anything goes wrong, you will get fast access to a committed support team. If you want to know more,  contact us  today. Call Us:  1300 359 664

While schools have been forced to shut down around the globe, the demand for digital transformation in education has reached new heights. Many educators are struggling to move classes online as quickly and painlessly as possible. It is hard for students to follow classroom assignments when teachers are not there face to face. With free web conferencing, Live Chat and Mobile Apps offered by FLYONIT , we hope teachers, students and parents can keep connected in virtual classrooms, allowing them to collaborate and keep education flowing. E-learning made easy. Get Your 1 Year Free PRO License Today! Call us on 1300 359 664 for any assistance.

All foreigner travelers will be banned from entering Australia from Friday. Prime Minister Scott Morrison announced the enhanced border measures in response to the coronavirus outbreak. It applies to all non-citizens and non-residents. Australians will still be able to return from overseas but they will be required to self-isolate for 14 days. The Government had previously banned foreign nationals from coming to Australia  from China, Iran, Italy and South Korea. New Zealand had already announced plans to close its borders to foreign nationals Mr Morrison said he had consulted New Zealand Prime Minister Jacinda Ardern about Australia’s new travel ban prior to announcing it. “The New Zealand arrangement, in the same way as it has in the past, doesn’t apply to Australians living in New Zealand as New Zealand residents,” he said. “Equally for New Zealanders living in Australia as Australian residents, these are the same rules that apply in both countries. “We have

As the coronavirus COVID-19 outbreak expands, organizations should consider how to prepare in the event that their employees are unable to travel to work. With FLYONIT’s remote access software people can work remotely from home and access their office computer from another computer, tablet or mobile device via a secure streaming connection. Enable your team to work from home with secure remote access software. It is the best solution for those who want fast, easy, and secure remote access to their computers. Unlimited remote access to your computers from any device, any time, and anywhere. Security is Our Priority Over 50,000 businesses and 20 million end users around the world, including large banks, law enforcement, government agencies, local governments, and government contractors securely use our remote access software. Secure Infrastructure:  Our cloud infrastructure is hosted on AWS to provide a secure network and computing environment with firewalls, data encr

Very often we are asked if meal expenses incurred while driving Uber, Ola, DIDI or using any other ride sourcing platform are deductible. We’ve noticed a spike in inquiries relating to deduction for meal expenses. In most cases, clients tell us that other accountants are claiming meal expenses on GST returns for ride sourcing and have been told by other accountants that these expenses are deductible. There are some expenses that can’t be claimed because they’re personal expenses or not allowed under the law. This includes personal or private expenses, such as meals you purchase while on a break. Next time, if an accountant tells you that meal expenses incurred while ride sourcing are claimable, ask them to show an ATO weblink confirming the same. Contact Expert Tax  on 0449 952 855 or 1300 869 829 for assistance on tax related matters.

Rental and other rental-related income is the full amount of rent and associated payments that you receive, or become entitled to, when you rent out your property, whether it is paid to you or your agent. You must include your share of the full amount of rent you earn in your tax return. What happens if Rental Bond is retained in case of tenant default or damage caused to property by the tenant? You must include rental bond money as income if you become entitled to retain it, for instance, because a tenant defaulted on the rent, or because of damage to your rental property requiring repairs or maintenance. In case of commercial rent, if the landlord becomes entitled to rental bond then the amount will be inclusive of GST (if landlord is registered for GST) and GST liability will arise as a result. What if you received an insurance payout? If you received an insurance payout, there may be situations where the payout needs to be included as income, for example,

Utilizing an outer drive is that the most generally utilized approach for having reinforcement stockpiling. The overall population who reflect making utilization of distributed computing for this reason regularly believe whether the innovation is justified no matter the exertion. Clients of the framework guarantee that there's no motivation behind why anybody must abstain from utilizing this framework because it guarantees different extra points of interest when contrasted with the standard techniques. The way that one must spend an infinitesimal measure of money monthly for the use of cloud information stockpiling is one explanation behind potential clients to be reluctant. Notwithstanding, the accompanying advantages of the innovation is reason enough to ensure that this cash spent is well justified, despite all the difficulty. Extensive storage space : the foremost fundamental preferred standpoint of utilizing the cloud is that one can store any measure of data, whic

President Donald Trump has announced the US will ban all travel from Europe as cases of the coronavirus still rise. Trump made the announcement in during an Oval Office address to the state over the coronavirus threat. “To keep new cases from entering our shores we'll be suspending all travel from Europe to us for subsequent 30 days,” he said. The travel restrictions will kick in in the dark on Friday civil time but won't apply to the United Kingdom. Trump said, “we are marshaling the complete power” of the govt and personal the sector to guard the American people. He said the new travel restrictions were “strong but necessary”, calling the COVID-19 virus a “horrible infection”. The President praised the nation’s “unprecedented response” to the outbreak, while also blaming the ECU Union for failing to require early action against the virus. “Taking early intense action, we've seen dramatically fewer cases of the virus within us, than are now present in Eur

Today’s cyber threats ride on real virus threats. Emotet, a malware gang notorious for taking advantage of trending current events is exploiting the ongoing global coronavirus pandemic by scaring potential victims into opening malicious attachments, camouflaged as official notifications from public health centers and disability welfare service providers. This tactic has already been observed in Japan, where the gang is actively distributing malware payloads via emails that warn targets of coronavirus infection reports in various cities. Using stolen emails from previously compromised accounts as templates, this campaign leverages footers containing the addresses of legitimate institutions for added authenticity, capitalizing on the coronavirus’s wide impact and the fear of infection surrounding it. The potential ramifications of receiving malware through such malicious emails are grave: as seen in 2017’s WannaCry attack, ransomware cost the UK’s National Health Service £20 mil

Superannuation guarantee amnesty bill passed Parliament on 24 February 2020 and has now received Royal Assent and is law. This law change provides a number of incentives for employers to pay any unpaid historical superannuation guarantee (SG) amounts relating to the period 1 July 1992 to 31 March 2018. Superannuation guarantee amnesty benefits   Provided superannuation guarantee charge (SGC) relating to the period above is paid during the amnesty period of 24 May 2018 until 6 months after the date of Royal Assent (6 September 2020), eligible employers will receive the following benefits:   The SGC will be deductible The SGC, which is usually non-deductible, is comprised of the following amounts: Ø   The total SG shortfall – that is, the total of the SG shortfalls for each affected employee. Ø   Interest on SG shortfalls – currently 10% per annum on each individual SG shortfall; and Ø   An administration fee – usually $20 per employee, per quarter

Office 365 is the next level of traditional Microsoft Office package you've got been using for years. Little question it's great, but Office 365 is even greater, in fact, the best. To urge the foremost out of your potential, Office 365 may be a must. So, grab it and be a hit. What is Office 365? Simply put, it's the subscription-based virtual office that does not depend only on the Microsoft Office software package because it offers more dynamic features like OneDrive, Skype, Yammer, etc. Isn't that Amazing? Obviously, it is. It’s a real modern office experience with a mobile solution for everybody. Majors Reasons to Use Office 365   New Applications are More Office Friendly Office 365 isn't all about Microsoft Office Word, Microsoft Office Excel, Microsoft Office PowerPoint, Microsoft Office OneNote, and other traditional features. But it gives you more essential, enriched, and office-friendly applications like OneDrive, Skype, Yammer, etc. You s

The cancellation of Facebook’s biggest event of the year, which was set for May, follows in the footsteps of Mobile World Congress. Facebook said Thursday it's canceling its F8 developer conference, the social media giant’s biggest event of the year, over concerns about the novel coronavirus. The unusual move illustrates how the outbreak of COVID-19, the respiratory illness the virus causes, is impacting the world’s largest tech companies. Facebook’s mostly-annual conference was scheduled to take place at the San Jose McEnery Convention Center on May 5 and 6. It is a widely anticipated Facebook event, and last year attracted more than 5,000 developers , creators, and entrepreneurs from around the globe. “This was a tough call to make — F8 is an incredibly important event for Facebook and it’s one of our favorite ways to celebrate all of you from around the world — but we need to prioritize the health and safety of our developer partners, employees and everyone who help

The program Optimization (SEO) industry has grown tremendously within the past few years, and to such an extent that a lot of SEO practices became important components of the web marketing strategies for several businesses. However, although the ever-changing dynamics between program algorithms and SEO techniques have evolved in complexity and in many various directions, little or no has been done to truly measure the effectiveness of those SEO methodologies and processes. A significant amount of cash is budgeted yearly by businesses for his or her website's SEO projects, but only a couple of actually conducting a daily review of their SEO programs. A well-designed SEO audit is, therefore, a necessity. The SEO website audit is additionally fast becoming the norm in many companies wanting an objective assessment of the effectiveness of their SEO initiatives. As with the other audit, SEO website audit may be a means to look at the efficiency and effectiveness of business websi