COVID-19: Latest Update on the JobKeeper Payment
Posted 16 Apr '20
Posted 16 Apr '20
What we know so far
We have compiled a summary on what we know so far in relation to JobKeeper. Whilst the summary is countless pages long, we promise you, this is the short version!
Few important dates to note
> From 20 April 2020 – ATO Online Application Opens
> By 26 April 2020 – Must have completed the ATO Online Application to receive reimbursement in May for April payments
> From 4 May 2020 – Able to apply for JobKeeper payment through Portal
> 27 September 2020 – Last day of final JobKeeper fortnight
To register your interest in participating in the payment, please go to the ATO website.
Many business owners think tax planning means meeting with their accountant in June and finding a few last-minute deductions before the end
of the financial year.
The reality is that true tax planning starts much earlier.
For many small business owners, the end of the financial year (EOFY) feels like the finish line. Once tax planning is complete, financial statements are prepared, and compliance obligations are lodged, it is tempting to return to business as usual.