Following the new rules for JobKeeper 2.0 being released by the Treasurer on Tuesday, the ATO is now expected to release its own guidance and rules that will instruct the application of a number of new components in the JobKeeper extension. Actual GST turnover To qualify for JobKeeper 2.0, entities will now Continue Reading

Speaking at Parliament House, Mr Frydenberg said he would now announce the outcome of its midway review of the $70 billion JobKeeper program as well as a detailed economic and fiscal update on 23 July. The Treasury has since commenced its review of the JobKeeper program, and it is expected Continue Reading

The Tax Office has now published Practical Compliance Guideline 2020/4, setting out how the ATO will apply its compliance resources to schemes that have been entered into to enable an entity to gain access to the JobKeeper payment or an increased amount of the payment. The bill giving effect to the JobKeeper Continue Reading

If your business is affected by the coronavirus, you may be eligible to access the JobKeeper payment to assist you to be able to continue paying your employees. Employers can choose to participate in the scheme and then nominate the employees they are entitled to claim for. An employer can Continue Reading

Under the new arrangement, taxpayers will be allowed to claim a rate of 80 cents per hour for all their running expenses, rather than needing to calculate costs for specific running expenses. The requirement to have a dedicated work-from-home area will also be removed, with multiple people in each household allowed to claim Continue Reading