Happy Sunday everyone-

Monday April 20 is the opening day at ATO for Jobkeeper Enrolment

But first you must have satisfied the 30% decline in turnover

You may satisfy this test at a later date, at which time we will begin this process

Jobkeeper is for Employees, Sole Traders and business participants (ie director, partner etc that aren’t paid a wage).

Once enrolled, your accounting software needs to be set up in order to process a payroll that complies with ATO requirements to trigger reimbursement to your business.

The set up is relatively easy with step by step instructions to be provided. If you prefer we set this up for you, please advise. We can assist as required by using Teamviewer- download the app (its free), then call to arrange.

For those businesses that don’t report wages via STP (ie closely held employees, working directors, one Partner of a partnership) the process is slightly different and ATO advises application forms will be available at ato.gov.au by Monday 20 April

Useful link https://www.ato.gov.au/General/JobKeeper-Payment/

Jobkeeper subsidy will be received first week in May by employers etc

2020 Tax Planning Sessions are still available. This session includes:

• A review of business trading for the year, and developing corrective actions that may be required pre 30 June 2020
• Customised information based on your particular business circumstance and ongoing guidance thru relevant Covid 19 legislations.
• Where necessary, ongoing monitoring of monthly turnover in order to determine eligibility for some aspects of the stimulus package to allow for prompt application

The fee for this session is a very reasonable $275 – email admin@bennettstax.com.au for a booking –

(via Skype or Zoom) – bookings are being taken now  and onwards to allow time for corrective actions pre June 30

If you have any questions about our 2020 Tax Planning Session or any other matter – please don’t hesitate to contact Diane Bennett directly 0421 074 952

Remember to stay safe! And stay at home! (for those that can)