The below list provides answers to some of the frequently asked questions associated with the JobKeeper scheme. Please don’t hesitate to call our office If you require further clarification or have any other questions. Do businesses have to meet the decline in turnover test on an ongoing basis?The answer is No. Whilst a business must…
The Federal Government passed a package of Bills through both Houses of Parliament on 8 April 2020 (received Royal Assent on 9 April 2020), to give effect to (amongst other things) the JobKeeper Scheme. Subsequent to this, a Legislative Instrument was released by the Treasurer containing the detailed rules of the JobKeeper Payment. See below…
This year many of us have been forced to work from home due to the Coronavirus outbreak. The Australian Taxation Office (ATO) has introduced a temporary short cut method to make calculating home office running expenses easier for taxpayers to include as a deduction in their tax return. Short cut method The short cut…
We hope that everyone is staying healthy and safe during this difficult and uncertain time. The impact of COVID-19 on small businesses is devastating and the toll it is taking on people’s mental health is serious. It is important that mental health remains a priority as we all deal with the impacts and increased stresses of…