Brett oversees the Tax and Advisory arm of our growing practice. He is a former Director in a Big 4 Accounting firm and has more than 15 years experience in tax advisory and management of ATO disputes and interactions.
If you are a sole trader, company, partnership, trust or other eligible entity who employs staff and is interested in applying for a low rate government loan to assist with keeping employees, then please below.
The Government’s new Jobkeeper payment is designed to assist businesses who are affected by COVID-19 with keeping employees by providing a fortnightly subsidy. The subsidy amount is $1,500 per eligible employee per fortnight, claimable from 30 March 2020 for a period of up to 6 months.
Treasury has released some updated information relating to the JobKeeper stimulus package
Treasury and the ATO have released further information on how to apply for the JobKeeper stimulus package.
What you need to do…
The ATO has released the next stage of the Jobkeeper registration. You are now able to log into your Business Portal and identify employees and complete your April Declaration in order to get paid.
On 21 July 2020, The Government announced that it would extend its Jobkeeper Scheme for a further 6 months up until 28 March 2021. The extension is aimed at those businesses that have been significantly impacted by the Coronavirus and is broken down into 2 extension periods.