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Job Keeper Extension

Tuesday, September 15, 2020

JobKeeper Extension 1 – commencing 28th September
 
There are two separate extension periods
 
28th September – 3 January 2021
 
4th January – 28 March 2021
 
Businesses will need to apply a new turnover test to determine their eligibility for each extension period.
The basic test for the first period is to compare the current Jul-Sep 2020 GST turnover against the GST turnover reported Jul-Sep 2019.
 
https://www.ato.gov.au/General/JobKeeper-Payment/In-detail/Actual-decline-in-turnover-test/?page=2#Basic_test
 
Alternative tests are also available.
 
https://www.ato.gov.au/General/JobKeeper-Payment/In-detail/Actual-decline-in-turnover-test/?page=3#Alternative_test
 
The JobKeeper payment rates and eligibility will also change.
 
There are now two tiers of payments available for eligible employees and business participants.
 
Tier 1 – Payment of $1200 per fortnight for
employees who worked for at least 80 hours in the four weeks of pay periods before either 1 March 2020 or 1 July 2020
eligible business participants who were actively engaged in the business at least 80 hours in February and provide a declaration to confirm this.
 
Tier 2 – Payment of $750 per fortnight for
any other eligible employee or business participant
 
If you are already receiving JobKeeper you do not need to re-enrol again.
The JobKeeper scheme is open to new participants if they meet the eligibility criteria for the relevant period.
 
jobkeeper extension

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We are confident that our books and returns are up to date, delivered on time, and meeting our compliance obligations leaving me time to focus on other important business matters.

- Dick De La Rue, Beveridge Scoria

My accounts were in a mess before we engaged Sheree. Now we are totally organised! Sheree is very efficient and easy to work with. Thanks Sheree!

- Frank Mash, FISA Pty Ltd

The role of bookkeeping has grown to reflect the changing needs of our business, and Swag Bookkeeping is now an integral part of our operations.

- James A Michell, Sentdale Wool

It certainly takes the pressure off me and I feel I can put a lot of trust in to Sheree and what she does for me and my business. What takes her a few
hours would take me days.

- Johanna Clark, Naturopath

We would have no hesitation in recommending Swag Bookkeeping for their friendly manner and professional service.

- John Hall & David Patmore, Ultratune Epping

Swag Bookkeeping have worked alongside Blick for a number of years. Professional, reliable and notably have saved us money and by bringing effective financial process to our business.

- Mark Schiffer, Blick Creative

I reached out to Sheree and she could not do enough to help my friend’s son.

She is an amazing bookkeeper and individual that will make a difference to your business!

- Marina, Letz Create

Sheree has been doing my bookkeeping now for 2 years including my constantly unbalanced trust accounts. Sheree is always on time. Sheree’s professionalism and attention to detail are outstanding.

- Rowan Skinner and Associates Lawyers

We have found that Sheree and her team offer fantastic value for money tailoring a solution to suit our needs. Swag goes above and beyond.  If you are a trade-based business their knowledge of the additional government funds such as co-invest is highly regarded and can save you time and benefit your staff.

- Kate Walsh-Rose- Rex Plumbing GM
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