Expanded eligible employee definition for JobKeeper

Additional recently implemented JobKeeper changes mean more employees will qualifyfor JobKeeper payments from 3 August 2020.

This is primarily because: 

  • the eligible employee testhas been extended from 3 August 2020to include eligible employees who were employed on 1 July 2020(in addition to the original 1 March 2020 employment date) who are not currently nominated for the JKP by another entity; and
  • from the fortnights commencing on 3 August 2020 and 17 August 2020 (i.e., JobKeeper fortnights 10 and 11) employers will have had until 31 August 2020to meet the‘wage condition’ for all new eligible employees included in the JobKeeper scheme under the 1 July eligibility test.

Importantly, as a result of these recent tweaks to the JobKeeper scheme, participating employers should have provided any new eligible employees with an employee nomination form.

The onus is on employers to ensure all of their employees now eligible for JKPs as a result of the new 1 July test are given the opportunity to be included. 

Ref: More employees now able to access JobKeeper, ATO media release, 19 August 2020.

Tax Deductions in 2020

Many people and small businesses have experienced financial stress due to the impact of coronavirus in 2020. Accountants have been inundated with questions regarding tax deductions in 2020. 

Here’s how to make the most of your financial year 2020 tax return.

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80 cents per hour ‘shortcut’ method

80 cents per hour ‘shortcut’ method for home office expenses has been extended

Back in April 2020 the ATO announced that a ‘shortcut’ method was to be made available to use from 1 March 2020 until 30 June 2020 for individuals claiming home office expenses due to COVID-19.  The ATO has recently announced an extension of this shortcut method to also include 1 July 2020 to 30 September 2020

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