MC Tax Advisors

August 15, 2020

Published by MC Tax Advisors at August 15, 2020

Categories

JobKeeper

JobKeeper – Change to Eligible Employees

The amendments to the JobKeeper Rules to change the reference date for eligible employees to 1 July 2020 have now been registered. Employees at 1 July 2020 now eligible employees for JobKeeper Effective from the fortnight beginning 3 August 2020, employees will be eligible employees for JobKeeper if they were either: – a full-time or part-time employees on 1 July […]

August 7, 2020

Published by MC Tax Advisors at August 7, 2020

Categories

Uncategorized

JobKeeper Update – Treasury Announcement

Important Change to Current JobKeeper Rules The Government has today announced an important update to the JobKeeper rules. Effective from 3 August 2020, the relevant date of employment will move from 1 March 2020 to 1 July 2020. This will mean that employees will be eligible for the JobKeeper payments if they were either: – a full-time, part-time or fixed-term […]

August 3, 2020

Published by MC Tax Advisors at August 3, 2020

Categories

Tax Bulletin

TAX BULLETIN – JULY 2020

July has seen the details released of an extended JobKeeper scheme under which payments are to be scaled back and eligibility re-tested. The Victorian State Government has also announced further funding to assist businesses with the worsening impact of Covid-19. ATO activity has included the release of guidance on when it will clawback JobKeeper overpayment amounts. LEGISLATION UPDATE With the July sitting of Parliament […]

July 21, 2020

Published by MC Tax Advisors at July 21, 2020

Categories

JobKeeper

JobKeeper Extension

The Government is extending the JobKeeper Payment by 6 months to 28 March 2021. Rules from 28 September 2020 – The payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced to $1,200 per fortnight. – A lower payment rates of $750 per fortnight will apply for employees and business participants that worked fewer than […]