JobKeeper and tax: information to help your business

The JobKeeper Payment is one of the measures released by the Government to support businesses and their employees through the current economic uncertainty.

Over the last month, we have seen further developments in JobKeeper, as the scheme is adapted to meet requirements. Hall & Wilcox ran a webinar to help clients navigate the changes and new processes, including:

• an update on the latest ATO guidance on schemes in relation to the JobKeeper payment;
• the recent changes to the JobKeeper rules;
• an overview of the alternative turnover test and the eligible circumstances where it can be accessed;
  what the ATO's latest ruling LCR 2020/1, JobKeeper payment - decline in turnover, is; and
• the practical compliance approaches that can be applied in calculating turnover.