In this episode, Accountants, Registered Tax Agents and CPA’s Sheryl Cole and Corinne Cole dive deeper into the JobKeeper Payment Scheme and what it means for employers, self-employed people, and individuals by default.
We clarify for you:
- The details of how you, as an employer, will determine your eligibility for the JobKeeper Payment
- The need for $1,500 physical wage payments that must be made to your employees in the two fortnights of April 2020 - and all fortnights beyond - in order for your employees to be eligible for JobKeeper Payment
- The registration process and the documentation to be completed by you and your employees
- How to assess whether you have satisfied the decline in turnover test (the basic test and the alternative test)
- Your monthly reporting obligations to the ATO for the next 6 months
- How sole traders, and other self-employed type individuals can go about registering for the JobKeeper payment; and
- The integrity measures that will ensure fair access to the JobKeeper scheme.
You can learn more about the show hosts, Corinne Cole and Sheryl Cole at:
platinumaccounting.com.au