by James Carey | Apr 27, 2020 | News
On Friday afternoon, (24/04) the Government announced further changes to the JobKeeper program, and clarified some rules. We have highlighted them below: GST turnover: Cash vs accruals – Everyone can choose! After the rules initially suggested that everyone was...
by James Carey | Apr 20, 2020 | Business Services & Advice, COVID-19
Record your BAS as a purchase bill Note: in this example, client pays quarterly GST and monthly PAYG and therefore will be eligible to receive a credit equal to 300% of his March PAYGW, ie. 3 x $3,000 = $9,000 The ATO will offset these $9,000 against the March quarter...
by James Carey | Apr 20, 2020 | COVID-19
JobKeeper applications are now open as at 20 April 2020. You can register via the Business portal. More information here: https://www.ato.gov.au/General/JobKeeper-Payment/Employers/Enrol-for-the-JobKeeper-payment/ We have briefly included the steps to enrol below:...
by James Carey | Apr 16, 2020 | COVID-19, News
On Tuesday 16 April Treasury finally released the long awaiting rules for the $130bn JobKeeper program. The same day the ATO released some practical detail on how the administration of the program will work. We have included some details that had previously been...
by James Carey | Mar 31, 2020 | Business Services & Advice, COVID-19
Date From 30 March 2020 for six months For employees employed at and from 1 March 2020 First payments in first week of May 2020 Applies to Based on comparable periods: Employers <$1 bn that have experienced a downturn of more than 30% Employers >$1bn that have...
