by Swot Accoountants | Jul 1, 2021 | Business News, Business Training, Coronavirus (COVID-19)
In their latest report, the Australian Competition and Consumer Commission (ACCC) reported more than $851 million were lost in scams by Australians in 2020. Here is a breakdown of the reported scams: $328 million lost in investment scams. $131 million lost in romance...
by Swot Accoountants | Aug 16, 2020 | Business News, Coronavirus (COVID-19)
JobKeeper 3.0 Adjustments to Decline in Turnover Test and Employee Eligibility On 21 July 2020, the government announced that the JobKeeper Payments will be extended until 28 March 2021. In addition, on 7 August 2020, the government announced adjustments to JobKeeper...
by Swot Accoountants | Aug 7, 2020 | Business News, Coronavirus (COVID-19), Tax & Compliance
To be eligible for the JobKeeper Payments from 28 September 2020, businesses will be required to meet a decline in GST turnover for each period of the extension. From 28 September 2020, businesses seeking to claim the JobKeeper payments will be required to demonstrate...
by Swot Accoountants | Jul 23, 2020 | Business News, Coronavirus (COVID-19), Tax & Compliance
On 21 July 2020, the government announced changes to the JobKeeper program and extended it through to 28 March 2021. Employers To be eligible from 28 September to 3 January 2021, the employer must measure decline using actual GST turnover in both the June and...
by Swot Accoountants | Jun 11, 2020 | Coronavirus (COVID-19), Tax & Compliance
Businesses and employers JobKeeper payments received by the business are assessable (taxable) income Stimulus “Cash Boost” payments received between $20K and $100K are not assessable income (tax-free) Individuals and employees JobSeeker payments received from...
by Swot Accoountants | Apr 25, 2020 | Business News, Coronavirus (COVID-19)
The ATO Commissioner has extended the enrolment time for the JobKeeper Payments from 30 April 2020 to 31 May 2020. If you enrol before the 31 May, you will be able to claim for the fortnightly periods starting 30 March 2020. You must make sure that your employees have...
