Webinar 16 April 2020
The JobKeeper subsidy represents the largest single stimulus initiative ever offered to Australian business. A payment of $1,500 per fortnight for each eligible employee for a period of up to 6 months is a massive underwrite of the Australian economy and already hundreds of thousands of businesses have registered their interest to participate in the scheme. With $130 billion on offer, there are plenty of risks if you get it wrong. And, like any package of this type, the devil is in the detail. (Note - at the 33min point, superannuation is payable on all jobkeeper payments where the employee works, it is not payable on the 'top up' if the employee doesn't work, the slides are correct but I mixed the two when presenting....)
Here's what we covered during our webinar on Thursday April 16th:
✅ Eligibility for employers, employees, sole traders & other structures
✅ Calculating turnover, managing registration, and payment in practice
✅ Risk managing your business to avoid getting it wrong
✅ Live Q&A of more than 60 questions from webinar attendees
JobKeeper Checklists - Downloadable PDFs
Please download all of the checklists provided to assist with your JobKeeper application to help ensure you submit all of the correct
JobKeeper Employer Eligibility
JobKeeper Workpaper Employee Eligibility
ATO JobKeeper Employee Nomination Notice
Economic Stimulus Plans - Jobkeeper Slides
Letter Confirmation to Employee of JobKeeper Nomination
Reflecting on the past 6 months, particularly since the effect of Coronavirus on financial markets, I am concerned that many investors do not have a clear and tailored investment strategy. My observations are that investors seem to be failing to understand one basic investment principle; 'The higher the return the higher the risk’.
The updated alternative tests released by the Commissioner of Taxation are broadly similar to the alternative tests that were released in connection with the original decline in turnover test. However, there are some key differences.
To access JobKeeper payments from 28 September 2020, there are three questions that need to be assessed:
Is my business eligible? Am I and/or my employees eligible? and What JobKeeper rate applies?
We’ve summarised the key details in this update.