The Australian Taxation Office (ATO) have finally released some information about the JobKeeper registration process on 14 April 2020.
The Australian Taxation Office (ATO) have finally released some information about the JobKeeper registration process on 14 April 2020.
The JobKeeper payment has now passed through both houses of Parliament and once it receives royal ascent the mechanism to register for this will be made available by the commissioner for taxation. The previous registration was just to indicate your interest to receive updates about the payment.
Cashflow Boost Integrity Measures & Employer funding for JobKeeper Payments
Further guidance has been provided by the ATO to tax professionals helping clients navigate their entitlements to the government stimulus measures. Namely the “Cashflow Boost” & the “Job Keeper” payment.
The NSW state government has announced a number of relief measures for employers subject to Payroll Tax.
Below are the measures based on whether your annual grouped payroll is below or above $10 million for the 2019/20 financial year.
(www.nsw.gov.au – official information on COVID-19 support for small business by the NSW state government)
Thousands of small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced today by Premier Gladys Berejiklian, Treasurer Dominic Perrottet and Minister for Finance and Small Business Damien Tudehope.
As the Australian government continues to release measures designed to reduce the financial impact of COVID-19 and associated social distancing – some of these directly relate to your super and roles as SMSF Trustees & Members.
Below is some commentary around relevant topics
Early Access to Superannuation:
Information provided courtesy of www.abc.net.au/news and www.treasury.gov.au
The Australian Government has announced a new wage subsidy measure to be known as the “JobKeeper” payment.
The following is a broad summary of the key aspects of the Federal Government’s stimulus package in response to the Coronavirus, as recently announced and enacted, of relevance to individuals & families.
The Australian Government has just released a $17.6 billion economic stimulus package. The package has been marketed as a measure to protect the economy by maintaining confidence, supporting investment and keeping people in their jobs.
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