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Returning to work after COVID19
As a business leader, it’s important that everyone on your team feels comfortable about returning to work after remote working during COVID19. Xero has some great tips on this.
JobKeeper 2.0
For businesses to remain eligible for JobKeeper 2.0, your business turnover does get retested each quarter and needs to still show a reduction.
JobKeeper audits underway
Imagine going through the rigmarole to apply for JobKeeper when COVID-19 restrictions were rife, only to find your application rejected months later by Tax Office auditors. That is what happened to one small business who took a DIY approach to their JobKeeper application.
Extension of the JobKeeper Payment
The Government is extending the JobKeeper Payment by a further six months to March 2021. Support will be targeted to businesses and not-for-profits that continue to be significantly impacted by the Coronavirus.
Has COVID-19 changed bookkeeping as we know it?
Contact Notch Above Bookkeeping during COVID-19 restrictions to get your bookkeeping system up to date and working more efficiently whilst your employees are making the best of working offsite.
FREE Working from Home ATO factsheet
If you work from home during COVID-19 restrictions, remember to keep records and receipts for your home office expenses, along with a record of the hours you work from home. Keeping good records now will help to get your deductions right at tax time. The ATO has a PDF poster you can download to help understand what you can claim.
Deadline for JobKeeper is extended
If you’re an Australian business applying for JobKeeper, the window to enrol for the subsidy payments from end-March has been extended. You now have an extra month, as the ATO has set a deadline of 31 May.
JobKeeper – Waiting on Release of Further Details
As you probably are aware the Bill has been passed but as yet we do not have any further details. We believe this information will be released shortly and as soon as we know more can let you know.
Coronavirus Jobkeeper Payment
The Government has announced a $130 billion JobKeeper payment to help keep more Australians in jobs and support businesses affected by the significant economic impact caused by the Coronavirus.