PAYG INSTALMENTS

  What is a PAYG Instalment?   A PAYG instalment is an estimate only made by the Australian Taxation Office based on your previous years’ assessment and is essentially a prepayment of the tax liability.   The ATO will also determine how frequently you are required to pay these instalment amounts.   How do PAYG […]

JobKeeper payment – How to Enroll? (from 20 April 2020 onward)

  JobKeeper payment – How to Enroll? (from 20 April 2020 onward)   You or a registered tax professional can enrol for the JobKeeper payment:   Step 1 – Register your interest and subscribe for JobKeeper payment updates. Step 2 – Check you and your employees meet the eligibility requirements. Step 3 – Continue to pay at least $1,500 […]

JobKeeper Payment – Calculating fall in turnover for Eligible employers

    JobKeeper Payment – Calculating fall in turnover for Eligible employers   Employers will be eligible for the JobKeeper payment if all of the following apply:   On 1 March 2020, you carried on a business in Australia or were a not-for-profit organisation that pursued your objectives principally in Australia. You employed at least one […]

JobKeeper Payment for Self-Employed

  JobKeeper Payment for Self-Employed   A business may be eligible to receive the JobKeeper Payment if their turnover has been reduced because of the coronavirus. Following registration by the eligible business, the Government will provide $1,500 per fortnight per eligible employee until 27 September 2020.   The JobKeeper Payment is available to eligible employers, […]

JobKeeper Payment for sole traders

JobKeeper Payment for sole traders A sole trader is a business structure where the individual owner is legally responsible for all aspects of the business including any debts and losses and day-to-day business decisions. A sole trader may or may not employ other people in their business.   Sole traders may be eligible to receive […]

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