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Hot Issues
Budget 2020 - A very comprehensive break down.
Budget 2020 - Fact Sheets
Budget 2020 - At a Glance, Overview, Outlook
Temporary home office expenses shortcut extended again
JobKeeper extension – changes implemented
JobKeeper Participants – are “workers”
Commissioner registers updated JobKeeper alternative tests
Varying Pay As You Go (PAYG) Instalments
Reminder of Medicare Levy Surcharge (MLS)
September update of latest COVID-19 initiatives.
ATO JobKeeper 2.0 guidance surfaces
Expats Return to Australia – Travel Expenses
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Update of Superannuation contribution rules from July 1, 2020
Expats & COVID-19 Impacts on tax residency
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High Court rules in favour of employers on personal leave accruals
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High alert issued over myGov tax time scam
Extended director penalty regime to catch out ‘zombie companies’
SG amnesty deadline - 7 September
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90,000 SMEs to benefit from new JobTrainer program
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JobKeeper Participants – are “workers”

 

Although JobKeeper has been in place for many months and is now scaling back, all eligible participants may not have enrolled. The program is targeted to workers in the broad sense.

 



 


An “eligible business participant” is an individual who’s not an employee of the business but is actively engaged (i.e. a worker).


The eligible business participant must be an individual, who could be:-


  • a sole trader,
  • a director of, or shareholder in a company,
  • a partner in a partnership, or
  • an adult beneficiary of a trust (but not a trustee)

They must be actively engaged in the business, - although recently this does not include providers of childcare.


Even if the business has several people who meet the criteria (e.g. two or three partners or directors), only one can be nominated as the participant.


Whilst there are now continuing reporting obligations, which means you may not always be a “worker”- even a few fortnights JobKeeper receipts can be significant – check your enrolment basis regularly.


 


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16th-October-2020
 
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