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Who in your business is eligible for JobKeeper?
Did you know that if your business is enrolled for the JobKeeper Payment, you may be able to claim payments for an eligible business participant? Here are the details.
JobKeeper is changing
It’s good to hear JobKeeper has been extended, with some notable changes. We’ve tried to capture what’s new with the wage-subsidy program in this article.
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.
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.