$155m Claw Back in JobKeeper Over-Payments
The ATO aims to claw back $155m in JobKeeper overpayments, as it pursues businesses that are deemed to have undertaken deliberate or reckless actions to access the wage subsidies, despite not being entitled to them.
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JobKeeper Extension 2 Starts Soon
JobKeeper Extension 2 starts soon and will run from 4 January 2021 to 28 March 2021. Employers will need to show that their GST turnover has declined in the December 2020 quarter, relative to the corresponding quarter in 2019.
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JobKeeper Payment Scheme – Enrollment and Payment Extensions Explained
The ATO has now announced an extension of time for employers who wish to enroll for the first two JobKeeper fortnights to 31 May and when they need to to pay employees for JobKeeper fortnights 1 and 2.
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Big 4 Banks Hotline for JobKeeper Finance
Employers can seek assistance from the banks for financial support to make the payments to employees prior to receiving their claim to the JobKeeper wages subsidy.
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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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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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