JobKeeper Payment Scheme – Information For Employers
The JobKeeper Payment is a wage subsidy that will be paid through the tax system and administered by the ATO) to eligible businesses impacted by the Coronavirus.
Under the scheme, eligible businesses will receive a payment of $1,500 per fortnight per eligible employee and/or for one eligible business participant (i.e., an eligible sole trader, partner, company director or shareholder or trust beneficiary)
JobKeeper Payment Scheme Details Still Not Available Copy
Yesterday, the Coronavirus Economic Response Package (Payments and Benefits) Bill 2020 was introduced and passed both Houses of Parliament. Unfortunately, it did not contain the finer detail of how the JobKeeper Payment Scheme (‘the Scheme’) will operate.
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JobKeeper Payment Scheme Details Still Not Available
Yesterday, the Coronavirus Economic Response Package (Payments and Benefits) Bill 2020 was introduced and passed both Houses of Parliament. Unfortunately, it did not contain the finer detail of how the JobKeeper Payment Scheme (‘the Scheme’) will operate.
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New Working-From-Home Deduction Shortcut for Claiming Home Office Expenses
The ATO have released a ‘short-cut method for claiming home office running costs, at an increased rate of $0.80 per hour, only able to be claimed for the period 1 March 2020 to 30 June 2020, in response to changes in working arrangements resulting from Coronavirus
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Mandatory Code of Conduct for Commercial Tenancies
Small and medium businesses will now be granted rental waivers and deferrals under a mandatory Code of Conduct. The code will cover commercial tenancies, including retail, office and industrial, and will be available to SME tenants with an annual turnover of up to $50 million and who qualify for the JobKeeper program.
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JobKeeper Wages Subsidy
The Government has announced that businesses will receive a fortnightly wage subsidy of up to $1,500 per employee, in the Federal Government’s attempt to prevent millions of people from losing their jobs due to the Coronavirus pandemic.
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Government Economic Stimulus Package for Business
These measures were implemented via various Bills introduced into Parliament, which very quickly received Royal Assent on 24 March 2020 (including the Coronavirus Economic Response Package Omnibus Bill 2020), so as to give effect to the Government’s stimulus package for businesses.
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Government Economic Stimulus Package for Individuals
These measures were implemented via various Bills introduced into Parliament, which very quickly received Royal Assent on 24 March 2020 (including the Coronavirus Economic Response Package Omnibus Bill 2020), so as to give effect to the Government’s stimulus package.
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COVID-19 ATO Support Measures
The Australian Taxation Office (ATO) will implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak.
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COVID-19 Economic Stimulus Package
The Government has announced a $17.6 billion economic stimulus package to support the Australian economy and households while dealing with the challenges posed by COVID-19.
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Mark Semmens
Mark is a Chartered Accountant with a wealth of experience in accounting and taxation. Mark is a Member of Chartered Accountants Australia and New Zealand, the Tax Practitioners Board and the National Tax and Accountants Association.
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Daniela Semmens
Daniela Semmens is a Co-Director of Semmens & Co. and joined the company as General Manager in 2017. Daniela is an Affiliate Member of Chartered Accountants Australia and New Zealand and also a Member of the Australian Institute of Project Management.
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