JobKeeper
Comments
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In short I believe YES1
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Thank you for your assistance.
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The Tax Office say that we only have to qualify once, but they need to have our monthly figures just to see how our business is going. Not sure what will come out of that!1
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Hi John
The “30% reduction in turnover” criteria only needs to be met ONCE for eligibility for the entire JobKeeper period (which - at this stage - is set to finish on 27 September 2020).
The monthly reporting of predicted & actual turnover is purely for statistical purposes so that the Govt can determine how Australia’s economy is tracking.
So yes …. as long as you meet that 30% turnover reduction for ONE month or ONE quarter, you can continue claiming JobKeeper for its duration.
I hear of businesses that are struggling unnecessarily because they’re holding off from invoicing/receiving payment in fear of impacting their JobKeeper entitlement. THIS IS NOT THE CASE so if you are able to do so, get your money in that’s owed to you
Shaz Hughes Dip(Fin) ACQ NSW, MICB
Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)
Accounted 4 Bookkeeping Services
Ballajura, WA
0422 886 003
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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Thank you, Shaz. I was worried that there might be implications down the track.2
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Thank you Shaz
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Point taken but I was not seeking tax advice only confirming the Government Policy.
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And I had my concerns addressed, also, as my accountant wasn't too sure.
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I usually go to the source and ring the tax dept.1
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This is not "Tax Advice" Kevin (although I am actually a 17-yr tax consultant also) Advice & assistance regarding the Govt Stimulus Packages all fall under "BAS Agent Services" as per the TPB.
The majority of accountants have absolutely no idea about the specifics of these & indeed many are actually giving incorrect (& in some cases downright illegal!) advice to clients. I have been (& still am) involved in extensive, ongoing discussions/workshops/seminars etc in all of these areas with the relevant organisations (including the ATO) to ensure the information I provide is accurate at that time.Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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