皮特马丁会计师事务所 Pitt Martin 是一家提供税务，会计，生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法，以保证我们的客户可以最大化合理避税。皮特马丁会计师事务所Pitt Martin 坐落在交通便利的悉尼市市中心，是一家拥有可以说中文合伙人的会计师事务所。
皮特马丁会计师事务所 Pitt Martin 资质包括超过十五年的从业经验，澳大利亚注册会计师协会（CPA）执业认证会员，澳大利亚税务注册代理，新州和维州律师协会信托账户 (Trust Account) 认证审计师，澳大利亚证券及投资委员会注册代理，澳大利亚税务研究院认证会员，自管养老金资深认证咨询师（SMSF Specialist）, XERO，QUICKBOOKS，MYOB，RECON等会计软件授权单位及认证顾问。
Experienced Tax Accountant and Business Advisor with a demonstrated history of working in the accounting industry. Skilled in Tax, Accounting, Business Advisory and SMSF. Strong entrepreneurship professional with qualification Master of Professional Accounting, CPA Public Practice, Registered Tax Agent, Registered ASIC Agent, NSW Law Society External Examiner, Trust Account Auditor and Diploma of Finanical Planning. Specialised in SME, tax planning and international tax, he helped client save ample money and create wealth.
皮特马丁会计师事务所 Pitt Martin 是一家提供税务，会计，生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法，以保证我们的客户可以最大化合理避税。皮特马丁会计师事务所Pitt Martin 坐落在交通便利的悉尼市市中心，是一家拥有可以说中文合伙人的会计师事务所。
皮特马丁会计师事务所 Pitt Martin 资质包括超过十五年的从业经验，澳大利亚注册会计师协会（CPA）执业认证会员，澳大利亚税务注册代理，新州和维州律师协会信托账户 (Trust Account) 认证审计师，澳大利亚证券及投资委员会注册代理，澳大利亚税务研究院认证会员，自管养老金资深认证咨询师（SMSF Specialist）, XERO，QUICKBOOKS，MYOB，RECON等会计软件授权单位及认证顾问。
Experienced Tax Accountant and Business Advisor with a demonstrated history of working in the accounting industry. Skilled in Tax, Accounting, Business Advisory and SMSF. Strong entrepreneurship professional with qualification Master of Professional Accounting, CPA Public Practice, Registered Tax Agent, Registered ASIC Agent, NSW Law Society External Examiner, Trust Account Auditor and Diploma of Finanical Planning. Specialised in SME, tax planning and international tax, he helped client save ample money and create wealth.
皮特马丁会计师事务所 Pitt Martin 是一家提供税务，会计，生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法，以保证我们的客户可以最大化合理避税。皮特马丁会计师事务所Pitt Martin 坐落在交通便利的悉尼市市中心，是一家拥有可以说中文合伙人的会计师事务所。
皮特马丁会计师事务所 Pitt Martin 资质包括超过十五年的从业经验，澳大利亚注册会计师协会（CPA）执业认证会员，澳大利亚税务注册代理，新州和维州律师协会信托账户 (Trust Account) 认证审计师，澳大利亚证券及投资委员会注册代理，澳大利亚税务研究院认证会员，自管养老金资深认证咨询师（SMSF Specialist）, XERO，QUICKBOOKS，MYOB，RECON等会计软件授权单位及认证顾问。
Experienced Tax Accountant and Business Advisor with a demonstrated history of working in the accounting industry. Skilled in Tax, Accounting, Business Advisory and SMSF. Strong entrepreneurship professional with qualification Master of Professional Accounting, CPA Public Practice, Registered Tax Agent, Registered ASIC Agent, NSW Law Society External Examiner, Trust Account Auditor and Diploma of Finanical Planning. Specialised in SME, tax planning and international tax, he helped client save ample money and create wealth.
皮特马丁会计师事务所 Pitt Martin 是一家提供税务，会计，生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法，以保证我们的客户可以最大化合理避税。皮特马丁会计师事务所Pitt Martin 坐落在交通便利的悉尼市市中心，是一家拥有可以说中文合伙人的会计师事务所。
皮特马丁会计师事务所 Pitt Martin 资质包括超过十五年的从业经验，澳大利亚注册会计师协会（CPA）执业认证会员，澳大利亚税务注册代理，新州和维州律师协会信托账户 (Trust Account) 认证审计师，澳大利亚证券及投资委员会注册代理，澳大利亚税务研究院认证会员，自管养老金资深认证咨询师（SMSF Specialist）, XERO，QUICKBOOKS，MYOB，RECON等会计软件授权单位及认证顾问。
Experienced Tax Accountant and Business Advisor with a demonstrated history of working in the accounting industry. Skilled in Tax, Accounting, Business Advisory and SMSF. Strong entrepreneurship professional with qualification Master of Professional Accounting, CPA Public Practice, Registered Tax Agent, Registered ASIC Agent, NSW Law Society External Examiner, Trust Account Auditor and Diploma of Finanical Planning. Specialised in SME, tax planning and international tax, he helped client save ample money and create wealth.
On 7 August, the Government modified the eligibility of JobKeeper
Payment 2.0 (extended JobKeeper 1.0 to 28 March 2021), aiming to embrace
more people and businesses who have been affected by the ongoing crisis. The
change is in response to the undeniable second COVID-19 wave in Victoria, and
the Government concerns the stricter requirement will shut out many people and
business particularly based in Victoria.
So we will compare the modified version with the version issued
on 21 July. For more information about the 21 July announced JobKeeper 2.0,
please refer to our article JobKeeper
and JobSeeker Have Been Extended.
Turnover
Test
The same to the 21 July JobKeeper 2.0 announcement,
businesses and Not-For-Profits are required to pass the turnover test in
October 2020 and again in January 2021 to continue qualifying the JobKeeper
Payment.
Contrary to the 21 July announcement – employers are
required to demonstrate the decline in GST turnover for both their June and
September quarter compared to the corresponding period in 2019, the 7 August relaxed
announcement requested September quarter GST turnover decline only to be
eligible for the upcoming JobKeeper 2.0 (28 September 2020 to 3 January 2021).
The same requirement will be applied to the second period of
extended JobKeeper 2.0 (from 4 January 2021 to 28 March 2021). Now employers only
need to reassess themselves based on the decline in the actual GST turnover of
December quarter, compared to the corresponding period in 2019. Under the
previously announced turnover test, employers would have to show a decline in
GST turnover for June, September and December quarters of this year.
Eligibility relating to turnover test will remain the same
as JobKeeper 1.0, businesses and Not-For-Profits have suffered either:
50% drop or more (for aggregated turnover of $ 1
Billion or more)
30% drop or more (for aggregated turnover less
than $ 1 Billion)
15% drop or more (for ACNC-registered charities
excluding universities and schools)
Employee
Eligibility
The 21 July announcement said Employee Eligibility test date
is 01/03/2020, while the 7 August relaxed announcement makes Employee
Eligibility test date either 01/03/2020 or 01/07/2020 to get more employees be qualified
for JobKeeper 2.0. We believe the businesses have been suffering a lot from the
pandemic and leading to their employees’ redundancy. The test date 01/07/2020
will make more new employees become eligible who got the job between March and
July, which is quite necessary in the current situation.
Eligibility for JobKeeper 2.0:
Currently employed by the eligible employers (including
stood-down or re-hired)
Employed by eligible employers (or one of the wholly owned entity)
The individual was either a full-time, part-time of fixed-term employee or
The individual was a long-term casual employee with at least 12 months service with the business as at 1 July 2020 and not a permanent employee of any other employer
On 1 July 2020, the individual was aged 18 or
over (or if they were 16 or 17 years old and they were independent and not
undertaking full-time study)
Were either:
an Australian Resident (under the meaning of Social Security Act 1991)
was an Australian Resident (as per Income Tax Assessment Act 1936) and held a Subclass 444 (special category) Visa as at 1 July 2020.
Did not receive any of the following government subsidies at any time during the JobKeeper fortnight:
government Parental Leave or Dad and Partner Pay under the Paid Parental Leave Act 2010 or
a payment in accordance with Australian worker compensation law for an individual’s total incapacity for work.
Please bear in mind, most of the business will assess their
eligibility against the turnover and submit their application based on their quarterly
BAS lodgement. However, normally the due date of quarterly BAS lodgement will be
the end of the following month of each quarter. Therefore, employers should
reassess their JobKeeper Eligibility in advance of the BAS deadline in order to
meet the wage condition. The Commissioner may extend the time for meeting the wage
requirement so that businesses have time to first confirm their JobKeeper
eligibility, eg. ATO has notified the JobKeeper fortnights starting 28
September 2020 and 12 October 2020 is allowed until 31 October 2020 for
employers to meet the wage condition.
Experienced Tax Accountant and Business Advisor with a demonstrated history of working in the accounting industry. Skilled in Tax, Accounting, Business Advisory and SMSF. Strong entrepreneurship professional with qualification Master of Professional Accounting, CPA Public Practice, Registered Tax Agent, Registered ASIC Agent, NSW Law Society External Examiner, Trust Account Auditor and Diploma of Finanical Planning. Specialised in SME, tax planning and international tax, he helped client save ample money and create wealth.
皮特马丁会计师事务所 Pitt Martin 是一家提供税务，会计，生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法，以保证我们的客户可以最大化合理避税。皮特马丁会计师事务所Pitt Martin 坐落在交通便利的悉尼市市中心，是一家拥有可以说中文合伙人的会计师事务所。
Experienced Tax Accountant and Business Advisor with a demonstrated history of working in the accounting industry. Skilled in Tax, Accounting, Business Advisory and SMSF. Strong entrepreneurship professional with qualification Master of Professional Accounting, CPA Public Practice, Registered Tax Agent, Registered ASIC Agent, NSW Law Society External Examiner, Trust Account Auditor and Diploma of Finanical Planning. Specialised in SME, tax planning and international tax, he helped client save ample money and create wealth.
皮特马丁会计师事务所 Pitt Martin 是一家提供税务，会计，生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法，以保证我们的客户可以最大化合理避税。皮特马丁会计师事务所Pitt Martin 坐落在交通便利的悉尼市市中心，是一家拥有可以说中文合伙人的会计师事务所。
Experienced Tax Accountant and Business Advisor with a demonstrated history of working in the accounting industry. Skilled in Tax, Accounting, Business Advisory and SMSF. Strong entrepreneurship professional with qualification Master of Professional Accounting, CPA Public Practice, Registered Tax Agent, Registered ASIC Agent, NSW Law Society External Examiner, Trust Account Auditor and Diploma of Finanical Planning. Specialised in SME, tax planning and international tax, he helped client save ample money and create wealth.
皮特马丁会计师事务所 Pitt Martin 是一家提供税务，会计，生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法，以保证我们的客户可以最大化合理避税。皮特马丁会计师事务所Pitt Martin 坐落在交通便利的悉尼市市中心，是一家拥有可以说中文合伙人的会计师事务所。
Experienced Tax Accountant and Business Advisor with a demonstrated history of working in the accounting industry. Skilled in Tax, Accounting, Business Advisory and SMSF. Strong entrepreneurship professional with qualification Master of Professional Accounting, CPA Public Practice, Registered Tax Agent, Registered ASIC Agent, NSW Law Society External Examiner, Trust Account Auditor and Diploma of Finanical Planning. Specialised in SME, tax planning and international tax, he helped client save ample money and create wealth.
Later last month, the government announced to extend JobKeeper Payment by six months to 28 March 2021 and the JobSeeker Payment to 31 December 2020. The extension is aiming to build up the confidence for economy recovery and continue to support the business and community. However, the government also make eligibility stricter for the sake to only provide assistance to individuals and businesses who are indeed highly impacted.
Changes of
the extended JobKeeper
Two phases
payment
From 28 September 2020 to 3 January 2021, Jobkeeper Payment will
be:
$1,200 per fortnight for all eligible employees
who, in the four weeks of pay periods before 1 March 2020, were working in the
business or Not-For-Profit for 20 hours or more a week on average, and for
eligible business participants who were actively engaged in the business for 20
hours or more per week on average in the month of February 2020; and
$750 per fortnight for other eligible employees
and business participants.
From 4 January 2021 to 28 March 2021, JobKeeper Payment will
be:
$1000 per fortnight for all eligible employees
who, in the four weeks of pay periods before 1 March 2020, were working in the
business or Not-For-Profit for 20 hours or more a week on average, and for
eligible business participants who were actively engaged in the business for 20
hours or more per week on average in the month of February 2020; and
$650 per fortnight for other eligible employees
and business participants.
To be eligible for the extended JobKeeper Payment, business
and Not-For-Profit are required to meet the current turnover test and in addition,
they need to prove their actual turnover has been continuously significantly dropped
down in the testing period. They have to apply and satisfy the requirements
again in October 2020 and January 2021.
Business and Not-For-Profit need to demonstrate they have
experienced a decline in turnover for June 2020 quarter (April, May, June) and
September 2020 quarter (July, August, September) compared to the relevant quarters
(usually the same quarter of last year) for the period 28 Sep 2020 to 3 Jan 2021
JobKeeper payment.
Similarly, to be eligible for the JobKeeper under the extension
period 4 Jan 2021 to 28 Mar 2021, businesses and Not-For Profit should prove
their actual turnover for June, September and December quarters 2020 are
dramatically reduced compared to the relevant quarters (usually the same
quarter of last year).
The temporary Coronavirus Supplement has also been extended from
25 September 2020 to 31 December 2020. However, the payment has been adjusted aligning
with the gradually improved economy. The government will simultaneously update
the associated policy to guide those people become more active in job
seeking.
Changes
to the payment
From 25 September 2020 to 31 December 2020, the Coronavirus Supplement
per fortnight will be reduced from $550 to $250. Effectively the JobSeeker
payment rate will now be reduced from $1100 to $800 per fortnight.
The income free threshold to people on JobSeeker and Youth
Allowance (other) will be increased from $106 for JobSeeker Payment and $143 for
Youth Allowance (other) to $300 per fortnight for both and a phase out rate of
$0.6 in every dollar of income over $300.
Eligibility
Eligibility for the payment will be changed too from 25
September 2020 to ensure the assistance has been delivered to people who need
most as the economy recovers.
Means Testing – from 25 September 2020, means testing will be put in place in the following ways:
Asset testing for all payment for both existing and new recipients
the Liquid Assets Waiting Period (LAWP) for all payments will be reinstated
Partner income testing – from 25 September 2020,
the partner income testing cap will be increased to $3086.11 per fortnight or
$80238.89 per annum for individuals with no personal income. The taper rate
will jump to $0.27 from $0.25, with the higher income cut-out a result of
changes to income testing for JobSeeker Payment.
Expanded Criteria – JobSeeker Payment and Youth
Allowance (other) criteria will continuously assist permanent employees who are
stood down or lose their employment and sole traders, self-employed, casual
workers and contractors who meet other tests until 31 December 2020.
From 4 August 2020, a mutual obligation requirement (temporarily
suspend from 24 March 2020 to 8 June 2020) will be reintroduced, whereby
jobseekers are required to undertake FOUR job searches a month. The penalty
will apply to those who reject a job without a legitimated reason that has been
provided through the program.
The reduced JobKeeper Payment may make some JobKeeper
recipients entitled to JobSeeker Payment too. Therefore, the total benefits of
extended JobKeeper recipients received may not necessarily reduce much. People
who are affected may need to pay attention to the government on any further
changes to JobKeeper and JobSeeker.
At Pitt Martin,
we are here to be with you through this pandemic. Since the JobKeeper Scheme is
released, we have announced to provide FREE assessment on the eligibility for the
businesses. Please feel free to click the social media button on top to share this
article with your friends and the ones around you to help more people in need.
Experienced Tax Accountant and Business Advisor with a demonstrated history of working in the accounting industry. Skilled in Tax, Accounting, Business Advisory and SMSF. Strong entrepreneurship professional with qualification Master of Professional Accounting, CPA Public Practice, Registered Tax Agent, Registered ASIC Agent, NSW Law Society External Examiner, Trust Account Auditor and Diploma of Finanical Planning. Specialised in SME, tax planning and international tax, he helped client save ample money and create wealth.
皮特马丁会计师事务所 Pitt Martin 是一家提供税务，会计，生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法，以保证我们的客户可以最大化合理避税。皮特马丁会计师事务所Pitt Martin 坐落在交通便利的悉尼市市中心，是一家拥有可以说中文合伙人的会计师事务所。
Experienced Tax Accountant and Business Advisor with a demonstrated history of working in the accounting industry. Skilled in Tax, Accounting, Business Advisory and SMSF. Strong entrepreneurship professional with qualification Master of Professional Accounting, CPA Public Practice, Registered Tax Agent, Registered ASIC Agent, NSW Law Society External Examiner, Trust Account Auditor and Diploma of Finanical Planning. Specialised in SME, tax planning and international tax, he helped client save ample money and create wealth.
