(updated 28th April 2020) If your business is unable to pass the basic turnover test for JobKeeper, you may be eligible to apply the alternative tests, details of which were released on the 23rd of April. These tests can be applied to businesses in certain situations where there is not an appropriate relevant comparison period. Does your
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(updated 22nd April 2020) Is the turnover test based on Net Profit No, it is based on GST Turnover. Net profit is your sales less expenses, however GST turnover is in essentially your sales amount plus sales likely to be made in a test period less some specific exclusions. A sole trader has an ABN
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(updated 27th April 2020) Businesses who have been significantly impacted by COVID-19 will be able to access a wage subsidy to continue paying employees. Under the JobKeeper program you will be able to claim a fortnightly payment of $1,500 per eligible employee from 30th March 2020. This measure is designed to ensure eligible employers remain
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(updated 5th April 2020) JobKeeper Payment The Prime Minister has announced a $130b “JobKeeper” package, which is available to all businesses significantly affected by coronavirus – the largest package delivered by the Federal Government in response to COVID-19 to date. In acknowledging that Australia needed to dig deep to “get through to the other side”
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Single Touch Payroll Alert It is now only a matter of months before all employers will be required to comply with the ATO’s Single Touch Payroll (STP) provisions. Until now only employers with 20 or more employees were required to comply but from 1 July 2019, all employers will be brought into the system, so
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