jobkeeper

JobKeeper, Cash Flow Boost denials revisited, reconsidered

Neville Birthisel In the wake of the taxpayer’s victory in the Full Federal Court JobKeeper case Commissioner of Taxation v Apted [2021] FCAFC 45, the ATO has issued a Decision Impact Statement and a Law Administration Practice Statement.  These set out its revised policy towards allowing a “later time” to hold and ABN (JobKeeper Rules s11(6)) or

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ATO “lifeline” for businesses voluntarily paying back JobKeeper money

Tax & Super Australia (TSA) welcomes the ATO helping to clarify circumstances for when JobKeeper repayments voluntarily made by a company are tax deductible — an issue first raised by TSA earlier this year. However, it says confirming the tax treatment in legislation would go further to remove ambiguity on the matter. As reported in

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Some JobKeeper and cash flow boost ineligibility cases to be re-visited

The Inspector-General and Taxation Ombudsman (IGTO) reports in its latest IGot News that over recent months its office has received an influx of complaints from a number of small businesses (as well as their representatives in the accounting and tax profession) around their eligibility for JobKeeper and Boosting Cash Flow payments.   Ombudsman Karen Payne

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Exposure draft of rules for JobMaker Hiring Credit measure

An exposure draft has been released of the rules for the JobMaker Hiring Credit scheme as announced in the Federal Budget. The JobMaker Hiring Credit will be available to eligible employers over 12 months from 7 October 2020 for each additional new job they create for an eligible employee, with a maximum amount of $10,400

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JobKeeper payments to get data match scrutiny between ATO and Social Services

Notice was posted recently in the Commonwealth Gazette (C2020G00570) of a data matching program that is to be launched between the ATO and Services Australia — the government body that became the executive agency in February this year in the Social Services portfolio (responsible for health, social and welfare payments and services). The notice of

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One JobKeeper enrolment deadline closes, new rolling deadlines open

Last Sunday, 31 May, was the last day that enrolment for JobKeeper was going to be permissible for April and May, with many applicants assuming that this meant midnight Sunday. Unfortunately a lot of practitioners and their clients found that “systems maintenance” was given priority, and when trying to log in on Sunday found the

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