JobKeeper Update
An important update for businesses who have enrolled for JobKeeper or are planning to enrol.
The ATO has released details of the 3 steps to be completed to successfully receive the JobKeeper payment.
An important update for businesses who have enrolled for JobKeeper or are planning to enrol.
The ATO has released details of the 3 steps to be completed to successfully receive the JobKeeper payment.
The JobKeeper payment is now open to eligible employers, sole traders and other entities to enable them to pay their eligible employee’s wages of at least $1,500 (before tax) per fortnight.
The JobKeeper scheme was introduced to support businesses struggling due to the impact of the COVID-19 pandemic. Based on the information available, we have put together a guide to show employers how they can apply for the JobKeeper payment, what the obligations are and what to expect.
As part of the Victorian Government’s $1.7 billion Economic Survival Package to support business and employees, a Business Support Fund was established to provide $10,000 grants to eligible small businesses.
The consequences of COVID-19 need to be considered by all entities in preparing financial reports that are subject to audit. What disclosures are required, are the impacts material to the business and do financial reports need to be adjusted?