Update Wednesday 22 July
From 28 September 2020, organisations seeking to claim JobKeeper payments will be required to reassess their eligibility for the JobKeeper extension with reference to their actual turnover in the June and September quarters 2020. Organisations will need to demonstrate that they have met the relevant continuing decline in turnover test in both of those quarters to be eligible for JobKeeper from 28 September 2020 to 3 January 2021.
Organisations will need to further reassess their eligibility in January 2021 for the period from 4 January to 28 March 2021. Organisations will need to demonstrate that they have met the relevant continuing decline in turnover test in each of the previous three quarters to remain eligible for the March 2021 quarter.
The JobKeeper payment rate is to be reduced and paid at two rates:
From 28 September 2020 to 3 January 2021, the payment rate will be $1,200 per fortnight for all eligible employees who, in the four weeks before 1 March 2020, were working in the business for 20 hours or more a week on average and for business participants who were actively engaged in the business for more than 20 hours per week, and $750 per fortnight for employees who were working in the business for less than 20 hours a week on average and business participants who were actively engaged in the business less than 20 hours per week in the same period.
From 4 January 2021 to 28 March 2021, the payment rate will be $1,000 per fortnight for all eligible employees who in the four weeks before 1 March 2020, were working for 20 hours or more a week on average and for business participants who were actively engaged in the business for more than 20 hours per week, and $650 per fortnight for employees who were working for less than 20 hours a week on average and business participants who were actively engaged in the business for less than 20 hours per week in the same period.
Click the link below for further Information.
Source and credit : Treasure.gov.au
ATO Scam Alert
The ATO are receiving increasing reports of several myGov-related SMS and email scams. These scams look like they have come from a myGov or ATO email address. They also might appear in your legitimate ATO or myGov SMS message thread.
The image below is one example of an SMS scam currently circulating.
Don’t click any links and don’t provide the information requested.
You will get email or SMS notifications from myGov whenever there are new messages in your myGov Inbox. However, these messages will never include a link to log on to your myGov account. Always access ATO online services directly via one of the following:
the ATO app
All online management of your personal tax affairs should be done either by us or in ATO online services, accessed through your genuine myGov account. Any communications containing your personal information, such as your tax file number (TFN), will be sent to your myGov inbox, not your email account.
You can make accessing your myGov account more secure by opting to receive a security code via SMS. It’s a quick and secure way to sign in to access ATO online services.
If you receive an SMS or email from the ATO that you think is fraudulent, report it by sending an email to reportemailfraud@ato.gov.au.
If you receive an SMS or email that looks like it’s from myGov but it contains a link or appears suspicious, email reportascam@servicesaustralia.gov.au. If you have clicked on a link or provided your personal information, contact Services Australia on 1800 941 126.
Source and credit: ATO.gov.au & Accountants Daily
Upcoming dates
28 July 2020 June quarter SG due
28 July 2020 June quarterly BAS due