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)
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.
Read moreYesterday, 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.
Read moreThe 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
Read moreSmall 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.
Read moreThe 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.
Read moreThese 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.
Read moreThese 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.
Read moreThe 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.
Read moreThe 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.
Read moreMark 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.
Mark's blogsDaniela 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.
Daniela's blogsFor any enquiries into our team or our services please contact Semmens & Co. via email at info@semmensco.com.au or call us on 03 8320 0320