JobKeeper

September 17, 2020

Published by MC Tax Advisors at September 17, 2020

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JobKeeper

JOBKEEPER EXTENSION

Legislation and Rules have been passed to implement the JobKeeper extension from 28 September 2020 to 28 March 2021. ACTUAL DECLINE IN TURNOVER TEST In addition to the current decline in turnover test, a new ’actual decline in turnover’ test applies. – For fortnights from 28 September 2020 to 3 January 2021 the new test must be met for the […]

August 31, 2020

Published by MC Tax Advisors at August 31, 2020

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Tax Bulletin

TAX BULLETIN – AUGUST 2020

August has seen the ATO release guidance on a number of issues associated with COVID-19, including when it will require the repayment of JobKeeper overpayments. The JobKeeper scheme has been amended to include employees that were employed by 1 July 2020 and, with Parliament sitting again, the Bill to extend the JobKeeper scheme has been introduced with the new Rules […]

August 15, 2020

Published by MC Tax Advisors at August 15, 2020

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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 3, 2020

Published by MC Tax Advisors at August 3, 2020

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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 […]