JobKeeper

April 23, 2020

Published by MC Tax Advisors at April 23, 2020

JobKeeper – Alternative Tests – Decline in Turnover Test

The ATO has issued a legislative instrument which sets out the alternative tests that are available to an entity to determine if it meets the ‘decline in turnover’ requirement as part of the JobKeeper scheme. These alternative tests apply to entities that are not able to satisfy the basic test – if an entity is able to meet the basic […]

April 11, 2020

Published by MC Tax Advisors at April 11, 2020

Tax Bulletin – JobKeeper Payment

Legislation and Rules have been passed to implement the JobKeeper payment scheme. Eligible employers will receive $1,500 per fortnight per eligible employee from 30 March to 27 September 2020. EMPLOYER ELIGIBILITY FOR JOBKEEPER PAYMENTS An entitlement to a payment will arise for an employee for each fortnight where: – The entity carried on business in Australia on 1 March 2020 […]