Quick Tax Videos

JobKeeper – Steps for enrolling your eligible employees

Employers must confirm who are their eligible employees as part of the JobKeeper rules. On 14 April 2020, the ATO released information that discussed the steps in the process for employers who wish to elect to receive JobKeeper payments. In this video, John Jeffreys, Tax Counsel of Tax and Super Australia explains these issues.


JobKeeper — 8 Steps for Enrolment

On 14 April 2020, the ATO released information that discussed an 8 step process for employers who wish to elect to receive JobKeeper payments. The 8 step process involves information passing between an employer and employee and the payment process for JobKeeper. In this video, John Jeffreys, Tax Counsel of Tax and Super Australia explains these issues.


JobKeeper Information from the ATO

On 14 April 2020, the ATO released its first piece of more detailed information about the JobKeeper payment. The information covers the process for enrolment by an employer and how employees will nominate themselves to their employer. It also gives further information on how the decline in turnover test can be calculated in relation to the early part of the JobKeeper payment time period. In this video, John Jeffreys, Tax Counsel of Tax and Super Australia explains these issues. Watch out for other videos that Tax & Super Australia are creating on the JobKeeper program and the COVID-19 Federal Government Stimulus packages.



COVID-19 Cash Flow Boost Example #1

In this video, John Jeffreys, Tax Counsel of Tax & Super Australia explains how the first and second cash flow boosts apply to a small business that employs two casual employees.

 

COVID-19 Cash Flow Boost Example #2

In this video, John Jeffreys, Tax Counsel of Tax & Super Australia gives a second example of how the cash flow boost operates in practice. In the example, the employer has PAYG withholdings of greater than $10,000 in a quarter but less than $50,000.

 

COVID-19 Cash Flow Boost Example #3

In this video, John Jeffreys, Tax Counsel of Tax & Super Australia gives a third example of how the cash flow boost incentive operates. In this example the business lodges its BAS each month and obtains the maximum cash flow boost of $100,000.

 

JobKeeper Payment

 

Treasury fact sheet - https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet_supporting_businesses_0.pdf


Instant Asset Write-Off Example #1 - Quick Tax Video