Episode 7: JobKeeper 2.0 - The New Requirements - Success Accounting Group
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Episode 7: JobKeeper 2.0 – The New Requirements

Posted: September 23 2020

 

To continue receiving JobKeeper payments, employers will need to re-qualify their eligibility with reference to actual GST turnover for the June and September 2020 quarters (for payments between 28 September to 3 January 2021), and again for the June, September and December 2020 quarters (for payments between 4 January 2021 to 28 March 2021).

 

Lan Nguyen, Founder of Success Accounting Group, together with Khoi Nguyen, Tax Manager, unpacked the new requirements of Job keeper 2.0 and answered all the FAQs and next steps to prepare for the next stage of JobKeeper program plan re-enrolments.

 

Specifically, the following topics were discussed:

  • Overview of key stages for JobKeeper 2.0
  • Employer’s eligibility for JobKeeper 2.0
  • Additional turnover tests for JobKeeper 2.0
  • GST Turnover as determinant for JobKeeper 2.0 eligibility
  • Timing of supplies
  • JobKeeper 2.0 payment rates
  • Turnover reduction threshold and timing issues
  • New test dates for individuals
  • Test dates for eligible business participants
  • Definition and importance of active engagement for JobKeeper 2.0
  • Employee’s determining payment rate
  • Employee’s reference periods
  • Alternative reference periods
  • JobKeeper 2.0 compliance obligations
  • How Success Accounting Group can help you?
  • Value of JobKeeper 2.0
  •  How to maximise JobKeeper 2.0 plans?

 

 

JOIN Success Group Community Facebook Page for further Wealth and business discussion and support for business survival and growth

 

BUSINESS COVID-19 Continuity PLAN is here, get in touch with us on 03 9583 0550 to learn more on what your business must do now how to AVOID THE CRASH.

 

 

 

Lan

About Lan Nguyen

Lan is the Founder and Chief Strategist at Success Accounting Group, Melbourne based CA firm. In a matter of short 8 years she has built up a reputable Chartered accounting firm with 3 offices and a team of 6 professional accountants and support team members. Her mission is to provide Innovative and Strategic Financial advice to help her customers make smarter financial decisions today for a brighter future.

Success Accounting Group is for established business owners who would like help to grow a sustained business. As a business owner you understand what drives your business success with our accounting team taking care of the rest.

Connect with Lan Nguyen on Linkedin, Google+, Facebook

To see how you too can benefit from working with us, request your FREE meeting today. Enter your details in the form on the right, or phone us direct on 03 9583 0550.
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