The Commissioner has released legislative instruments that provide alternate rules to enable entities to determine the correct payment rate for eligible employees and business participants under JobKeeper 2.0.
The broadening of the income tax system under then Treasurer, the Hon Paul Keating, to encompass capital gains tax (CGT), from 20 September 1985 represented a profound structural shift in Australia’s federal income tax system.
On Tuesday, the Federal Government released details of its extension to the JobKeeper scheme beyond September 2020. As previously announced, the JobKeeper payment will be extended for two periods, being the December 2020 quarter and March 2021 quarters.
Under proposed amendments to the JobKeeper rules, employers who previously qualified for JobKeeper 1.0, but do not qualify for JobKeeper 2.0, may continue to issue certain directions to their employees beyond 27 September 2020 if they can demonstrate a minimum 10% decline in turnover for the relevant quarter.
The Victorian Government has announced a new support package which includes further tax relief measures.
The broadening of the income tax system under former treasurer Paul Keating to encompass capital gains tax from September 20, 1985 represented a profound structural shift in Australia’s federal income tax system. It was done at a time when the Hawke-Keating government canvassed an astonishingly wide range of other tax reform proposals: in his ministerial […]
Amendments to the JobKeeper rules have made changes to the decline in turnover test that will apply to JobKeeper extension payments. Employers must now calculate their decline in turnover under the GST attribution rules that apply to them for BAS reporting purposes.
As a business advisor, accountant and mentor, Julie provides her clients with commercial advice, based on more than 30 years of experience in public accounting and consulting in Australia. Having specialist skills in self-managed super funds, she assists clients in the operation and compliance of their funds to help them cater for their ongoing financial […]
With over 20 years of experience in the industry, including 18 months as a CFO in the UK, Brett’s clients benefit from his extensive public practice expertise and knowledge. The specialist experience that Brett has gained throughout his career has enabled him to cater to a variety of industries and services. Some of Brett’s broad […]
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