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.
While commercial property is a little more difficult to understand than residential, it offers several significant advantages for investors.
With the trade industry currently thriving off the boom in the housing market, tradies find themselves busier than ever. The $1200 Small Business Digital Adaptation Program can help you work out ways to make admin life easier.
New legislation will help prevent superannuation assets from being hidden during divorce proceedings. From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court.