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One of the most common questions we are receiving in the last few weeks, is how to allocate the new income amounts received under the Governments COVID-19 stimulus packages, in your accounting software. Regardless of which software you use, the treatment will be the same: Read More…

The JobKeeper subsidy has progressed beyond the rush for eligibility and entered its second phase: compliance. Late last month, the Australian Taxation Office (ATO) released guidance highlighting where the regulator will focus its compliance resources. Read More…

Monthly declarations of your current and projected GST turnover are due within fourteen days of the end of each relevant month.
It’s important to ensure that you have paid eligible JobKeeper staff at least $1,500 during each JobKeeper fortnight. Read More…

The ATO today updated their position on cash v accruals for JobKeeper - taking a much stauncher position. Read More…

The JobKeeper payment is a subsidy of $1,500 per fortnight per eligible employee paid in arrears to the employer by the ATO. It’s for businesses that have suffered a detrimental decline in business because of COVID 19 to help keep their staff employed.

Here’s a summary of what you need to do to claim JobKeeper payments for April. If these conditions are not met, you might still qualify for JobKeeper payments later in the year. Read More…

Following the passage of legislation through Parliament, we have produced a comprehensive guide to the COVID-19 Stimulus & Support Measures for our clients. Read More…