The JobKeeper: The Alternative Tests Clarified webinar provides clarity on the application of the alternative tests.
Alternative tests are available for entities:
- That commenced business before 1 March 2020 but don't have a standard comparison period
- That have undergone an acquisition, disposal or restructure
- That had a substantial increase in turnover
- That were affected by drought or other disasters
- That have irregular turnover, and
- For sole traders or small partnerships affected by sickness, injury or leave.
We step you through the key differences between the original alternative tests and the updated version, and how to apply them in real life scenarios.
If you can’t work because you or someone in your household is impacted by COVID-19, support is available. There are three types of payments accessible to individuals who have lost work because of the pandemic.
UPDATED 6 Sept 2021: The Small Business COVID-19 Hardship Fund program offers grants of $20,000 to eligible small and medium businesses, including employing and non-employing businesses. This program will allow more businesses who have previously not received support, to receive financial relief now.
There has been some confusion on what the minimum wage increase and superannuation increase means to small business employers.
Many investors become concerned when volatility occurs in global financial markets – particularly about the impact on their superannuation and other investments. In times like these, it is important to understand the causes of market movements and how to minimise your risk.
Prices on everyday essentials like food, petrol and medicine have increased significantly, impacting us all. Managing these price hikes is even more difficult when you’re living on a fixed income. We unpack how we got here and set out some things you can do to increase your buying power.