JobKeeper 2.0: ‘Actual decline in turnover’ test
For CAs assisting clients in working out whether the ‘Actual decline in turnover test’ is satisfied for JobKeeeper 2.0, this article covers key points including when to include a supply, which supplies are included and important differences between JobKeeper GST turnover and BAS turnover.
A package of legislative instruments have been registered to implement the changes to the JobKeeper scheme announced by the Government on 21 July and 7 August 2020. The legislative instrument implementing the changes reveal slight tweaks from what was originally announced by the Government and provides further clarification on what businesses (and not-for-profits) need to do to be eligible for JobKeeper payments for the period from 28 September 2020 to 28 March 2021. Read about the various legislative instruments, our expert commentary and access our resources.
JobKeeper Extension to March 2021 - New Legislative Instruments Changing the Payment Scheme
View Michael Croker's webinar on the JobKeeper Extension to March 2021Watch webinar
Accountants again under pressure to implement Jobkeeper 2.0
The release of the legislative rules for JobKeeper 2.0 yesterday highlights yet again the vital role accountants are playing during the COVID-19 emergency in helping Australians and businesses access the extended wage subsidy and other stimulus measures.