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.
The 2020-21 Federal Budget is a road to recovery paved with cash. Some of the measures are aimed at addressing the harsh lessons COVID-19
has taught us and seek to centralise production back in Australia to ensure our industries can be self-reliant.
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.