JobKeeper: How to calculate GST turnover
The ATO has issued a new ruling to help with the task of performing the decline in turnover test for JobKeeper eligibility purposes.
JobKeeper payment payroll tax relief announced
The Victorian Government has announced payroll tax relief for employers who receive the Federal Government’s $1,500 per fortnight JobKeeper payment. The Victorian Government has announced payroll tax relief for employers who receive the Federal Government’s $1,500 per fortnight JobKeeper payment. Under the Victorian measures, any top-up payments – that is, additional payments to employees earning […]
JobKeeper rules extended to cover certain employment entities
The Treasurer has released a modified decline in turnover test for employers that provide labour services within their tax consolidated groups, tax consolidatable groups or GST groups. This modified test can apply where the basic test is not already satisfied. The test provides for a grouping of the ‘turnover’ of test members within the group […]
JobKeeper: Applying the integrity rule to service entity and other arrangements
The Commissioner of Taxation has released a practical compliance guide (PCG 2020/4) outlining the operation of its integrity rule (Section 19) and how he may deploy compliance resources to certain arrangements that enable an entity to obtain access to the JobKeeper payments. Importantly, the ATO has labelled certain arrangements as a ‘low risk’ of deploying […]
JobKeeper: Alternative decline in turnover tests
The Commissioner of Taxation has released several alternative tests to assess decline in turnover. The alternative tests can be applied where the basic decline in turnover test is not otherwise satisfied. The alternative tests apply in the following cases: commencement of a business acquisition or disposal of a business business restructures substantial increases in turnover […]
ATO publishes new guidance on claiming deductions while working from home due to COVID-19
Many Australians are now working from home to ensure business continuity amidst the COVID-19 pandemic. As a result, the Australian Taxation Office (ATO) is expecting an unprecedented amount of home office related tax deductions this financial year. The ATO has provided new guidance on what can be claimed.
NSW land tax relief for commercial and residential landlords: More questions than answers
The NSW Government is introducing measures to help commercial and residential landlords manage their rental properties.
JobKeeper GST turnover checklist
The GST turnover checklist is designed as a guide to assist organisations to calculate GST turnover for the purpose of assessing eligibility for the Federal Government’s JobKeeper program.
Assessing JobKeeper eligibility using GST turnover
Last week the Federal Government passed JobKeeper legislation to assist businesses affected by COVID-19 to cover the costs of their employees’ wages.
Responding to COVID
Pitcher Partners is actively monitoring the status of COVID-19 (coronavirus), and the impact to our firms, people, clients and the community.