[vc_row][vc_column][vc_column_text]We wish to bring to your attention some important changes to the JobKeeper rules announced over the weekend further to our most recent update:
Payment Extension
For the first two JobKeeper fortnights (30 March – 12 April, 13 April – 26 April), the ATO is now allowing entities until 8 May to make the minimum $1,500 payment per fortnight.
Enrolment Extension
The ATO has extended the time for entities to enrol for the initial JobKeeper periods from 30 April 2020 until 31 May 2020. Therefore entities enrolling by 31 May are still able to claim JobKeeper payments for May as well as April.
Cash vs Accruals
The ATO is now allowing entities to use either a cash or accruals basis to work out their turnover, regardless of what method the entity uses for GST purposes, provided the same method is used for both periods.
Service Entities
On Friday night the Treasurer also announced changes to enable service entities to have access to an alternative decline in turnover test. We hope to have the detail shortly.[/vc_column_text][mk_button dimension=”flat” size=”medium” url=”https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/jobkeeper-update” target=”_blank” align=”center” margin_top=”10″ margin_bottom=”40″ btn_hover_bg=”#c4b097″]Media Release[/mk_button][mk_padding_divider size=”5″][vc_column_text]As always, please contact us to discuss your business’s eligibility requirements to the JobKeeper measures as well as other possible concessions under the broad range of recent Federal and State Government announcements.[/vc_column_text][/vc_column][/vc_row]
