Determining Actual Decline in Turnover under JobKeeper 2.0 The ATO has registered an additional Legislative Instrument on 16 September 2020 containing important information relating to the new actual decline in turnover test in the form of Coronavirus Economic...
JobKeeper 2.0 rules released Treasurer Josh Frydenberg has now registered the new rules governing the extension of the JobKeeper payments, with ATO guidance set to follow. The Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8)...
To give you greater flexibility when you need it most, there are some exciting changes to your Xero Starter plan: No limits on bank reconciliations (previously limited to 20) So you can keep a really close eye on money coming in and going out. If you haven’t...
JobKeeper Updates – Help for Business & Individuals For Business The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not employed on 1 March 2020 might now be...
COVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000 of their superannuation early under the COVID-19 measures, there are some additional steps that trustees need...
Businesses now able to claim JobKeeper for new employees A legislative instrument was registered on 14 August 2020 amending the JobKeeper rules to allow businesses to claim the subsidy in respect of new employees. The changes apply to JobKeeper fortnights beginning on...