In response to recent announcements regarding Jobkeeper payments, we have updated our factsheet on Covid Incentives. Please click here to access your copy.
Please note, at this stage there is no registration process open. ATO is only asking for expression of interest
. If you believe your business has or will see more than 30% downturn in income and you would like to avail this benefit, please register your interest here
, or contact us for assistance. As further information comes through, we will be in touch.
In brief, if you believe you qualify, you will need to ensure you pay a minimum of $1,500 per fortnight to qualifying employees. Hence where you are paying additional funds (or paying full $1,500 per fortnight for employees previously stood down) you will need to make some changes in your payroll system. Please contact us to help set this up in your payroll software.
In regards to Covid Cashflow Incentive, the benefit would be credited into your ATO debt account. We will be reviewing this as part of our usual BAS process with you.
As always, we are here to help. Should you have any queries or concerns, please do not hesitate to contact us.