Accounting | Bookkeeping | Payroll | Business Administration
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The Government is extending the JobKeeper Payment by a further six months to March 2021. Support will be targeted to businesses and not-for-profits that continue to be significantly impacted by the Coronavirus. The payment rate will be reduced and a lower payment rate will be introduced for those who work fewer hours. Other eligibility rules remain unchanged.
Released this week - Small Business Adaption Grant Program - up to $10 000. The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience.
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COVID-19 - Latest JobKeeper Update & Local Redland City Council Support - 28 April 2020
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Late on Friday night, the Treasurer released some changes to the JobKeeper program. (Nothing like keeping accountants and bookkeepers on their toes!). The biggest news is the change to eligibility to 16 and 17 year old employees. This change means that all employees aged under 18 will need to be re-tested to confirm if they are still eligible to receive JobKeeper.
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For those businesses that missed out meeting the Basic Turnover Tests criteria the ATO have finally released the Alternative Test Options.
First of all, thank you to all our clients who have contacted us and thanked us for keeping them up to date on a regular basis. At Aegis Business Services, we see ourselves as an extension and part of our clients’ businesses and therefore are really trying to understand what each and every one of you are going through. We as a team are working tirelessly to be updated on the latest information and opportunities that can help our clients and thank you all for your patience, even if it is taking us longer than normal to get back to you at this time.
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Following on from Friday’s update, the ATO have again been working behind the scenes over the weekend and have released some further detailed directions in a few areas. We have included a summary below with the appropriate links.
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The ATO are furiously working behind the scenes to get everything in place that will allow the applying and receiving the support through the JobKeeper payment scheme to be as easy as possible. There are still a few minor details that we are waiting on clarification on however at this stage we would like to share with the you process as outlined by the ATO and how we at Aegis Business Services can assist you. At this stage we can not confirm the fee for enrolling your business with the ATO and setting up the required systems, but we want to be “part of your solution, not part of your problem”.
Today we wanted to change it up and give you a checklist to ensure you have investigated all areas of assistance available to businesses during this unprecedented time. We have collated a checklist that pulls resources at both National and State level.