Tax Tips

  JOBKEEPER 2.0 UPDATE

With less than two weeks to go before JobKeeper splits into two payment rates, eligible businesses, who satisfy the decline in turnover test for the September quarter have been urged to start identifying which rate will apply to employees based on their work hours. For the first extension period running from 28 September 2020 to 3 January 2021, employees who worked for 80 hours or more in the four weeks of pay periods before either 1 March 2020 or 1 July 2020 will receive $1,200 per fortnight, while all other employees will receive $750.

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