Jobkeeper Extension: How To Notify The Ato Via The Portal
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If you are already receiving JobKeeper payments, the ATO have said you don’t need to enrol again or do anything different until after 28
September 2020 however we note they have an additional section on the ATO Portal to confirm the eligibility...
In this video we are walking you through how to demonstrate to the ATO that you satisfy the actual decline in turnover for the September
2020 quarter (July, August, September) relative to a comparable period (generally July, August, September 2019).
If you are currently enrolled and would like to continue to claim JobKeeper payments in the first extension, you’ll need to check your continuing eligibility from 1 October 2020. Once confirmed, submit this information online to the ATO.
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.
Whilst retention payments are very common in the building and construction industry we continually see them being incorrectly accounted for, or not accounted for, and therefore often overlooked, resulting in advance payment of taxes and/or lost income.
We are heading into a period of opening up the economy after COVID, with the need to repair the budget, an election looming by May 2022, the threat of inflation and a withdrawal of central bank stimulus.
