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Lodge your Jobkeeper lodgement as soon as possible

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Under the current standards, an individual is qualified to be a qualified business member in the event that they are 'effectively occupied with' the business. This term isn't characterized in the law and has never necessarily been precisely estimated. Direction on this will be important so organizations can effectively figure out which JobKeeper rate applies to a qualified business member.

Until this point, every month in the program has contained just two JobKeeper fortnights. The time has come to bring up that three JobKeeper fortnights end in August 2020, and once more, in January 2021. While this will mean a higher JobKeeper installment will be gotten from the ATO (for example $4,500 rather than the typical $3,000), it might likewise require a change in accordance with those payrolls that adjust to a month to month cycle, contingent upon whether the business has decided to put together the regularly scheduled finance with respect to real JobKeeper privileges or a normal over the JobKeeper time frame.

The new decrease in turnover test

Dissimilar to the current JobKeeper rules which expect organizations to fulfill the decrease in the turnover test just a single time for a solitary month or quarter between March and September 2020, the new principles will expect organizations to keep on meeting an altered decrease in the turnover test from September 2020 to March 2021.

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Always stay safe! It is safer when you trade locally, you see the goods before paying. Avoid using payment / transfer methods such as Western Union, this is the same as sending cash to someone. If you do not trade locally use a service such as PayPal, this can offer you some protection, see for terms. If it is a business that you are purchasing from, paying with a credit card can offer you some protection too.

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