There’s a lot of confusion among businesses at this time. In order to help the economic climate, the Government has been really proactive in setting up schemes for the business community. Including grants, job keeper and job seeker. Although these are helpful, there is still a lot of confusion around all the options at hand. To help you with this,...

The Government yesterday announced the future of JobKeeper and JobSeeker along with other income support measures. We’ve created a client update to help with the changes. “We will do what is practically needed” Prime Minister Scott Morrison   JobKeeper 2.0 The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to...

2020 Bookkeeping Firm of the Year Last Friday evening, 19 June, the Keeping Company executives sat at home staring nervously at their computers whilst dressed up in their best kit. Strange concept right! We did this for the first ever virtual live broadcast of the Accountants Daily 2020 Accounting Awards where we were shortlisted as finalists in two categories, Boutique...

There have been a number of key JobKeeper developments over the past couple of weeks: ATO ruling on calculating GST turnover LCR 2020/1 was released on Monday and provides detailed guidance on calculating GST turnover for JobKeeper purposes. The ATO sets out 4 possible alternatives that could be used to undertake the calculations, including using the GST attribution rules. The ATO...

Further details have now been released giving some clarification around the new JobKeeper Package. There is plenty of information to digest at the moment so here are the key points. Registration Requirements: Online application (not just expression of interest) available through ATO from 20 April to be completed by 26 April with payments commencing first week May  Determine employee eligibility...