COVID-19 corporate residency concession

The ATO has announced an important tax residency concession for foreign incorporated companies during the COVID-19 crisis. Background On 24 March 2020, the government announced a ban on Australians travelling overseas, using powers given to it under the Biosecurity Act 2015. The ban is aimed at preventing travellers returning to Australia with COVID-19. There are

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JobKeeper: More of your questions answered

Here are a number of the many questions that Tax & Super Australia have received regarding the JobKeeper subsidy. Also see more scenarios and questions answered on this page. Can businesses that report quarterly GST choose to assess turnover on a monthly basis? Yes, the periods for determining the decline in turnover can be periods

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JobKeeper: Your questions answered

Here are a number of the commonly asked questions that Tax & Super Australia have received regarding the JobKeeper subsidy. April Payroll I have missed paying some of my employees the minimum $1,500 in the first JobKeeper fortnight. Can I still apply for JobKeeper for that first fortnight? Yes. The information that the ATO has

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JobKeeper — 8 Steps for Enrolment

On 14 April 2020, the ATO released information that discussed an 8 step process for employers who wish to elect to receive JobKeeper payments. The 8 step process involves information passing between an employer and employee and the payment process for JobKeeper. In this video, John Jeffreys, Tax Counsel of Tax and Super Australia explains

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JobKeeper — Steps for enrolling your eligible employees

Employers must confirm who are their eligible employees as part of the JobKeeper rules. On 14 April 2020, the ATO released information that discussed the steps in the process for employers who wish to elect to receive JobKeeper payments. In this video, John Jeffreys, Tax Counsel of Tax and Super Australia explains these issues.

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How to enrol for JobKeeper

Employers must confirm who are their eligible employees as part of the JobKeeper rules. On 14 April 2020, the ATO released information that discussed the steps in the process for employers who wish to elect to receive JobKeeper payments. In this video, John Jeffreys, Tax Counsel of Tax and Super Australia explains these issues. Eight

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JobKeeper information from the ATO

On 14 April 2020, the ATO released its first piece of more detailed information about the JobKeeper payment.  The information covers the process for enrolment by an employer and how employees will nominate themselves to their employer.  It also gives further information on how the decline in turnover test can be calculated in relation to

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JobKeeper rules welcomed but concerns remain for businesses that miss out

Tax & Super Australia (TSA) has welcomed the Treasurer’s release of the JobKeeper rules, but is concerned that the rules put some small businesses in the “blackhole” position of being ineligible for both the JobKeeper payments and the cash flow boost. TSA senior tax counsel John Jeffreys said small businesses in the “blackhole” are there

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COVID-19 Cash Flow Boost Example #3

In this video, John Jeffreys, Tax Counsel of Tax & Super Australia gives a third example of how the cash flow boost incentive operates. In this example the business lodges its BAS each month and obtains the maximum cash flow boost of $100,000.

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