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Paddles B'mere said..
She needs to be very careful Kev, even though she will still get JobKeeper by just reporting her income monthly, she is also declaring that the reported income is reduced enough to still make her eligible. It is her responsibility to ensure that she remains eligible every month when she reports to the ATO, and we both know what happens if you attempt to defraud the Commonwealth ............................... and they find out ......................
sorry Paddles you were def wrong about the reporting
once you've qualified for jobkeepers eg your turnover has dropped by 30% or more in relation to the 2019 corresponding month or quarter.
It can be cash or accruals.
One partner of the business and eligible employees are then entitled to receive the $750 per week
You then need to report your actual turnover for the month and your projected turnover for the following month on the last day of each month up until september
The ato wants to see how the business turn over has been affected in the coming months. YOU DO NOT need to pass the eligibility again regardless of your future turnover
if anything they want to see it improve throughout all business so they can stop the scheme earlier
The employer will receive $750 for themselves and $750 per employee up until the scheme stops or the business ceases to operate
As long as your employee has been payed the minimum $3000 or over per month then you do not need to top up their wages even if their regular pay has been reduced.
example John usually earns $1250per week working 5 days now earns $750per week working 3 days the employer is basically getting Johns wage paid through the ato
if john goes back to 5 days per week the employer will still receives the $750 towards his pay John goes back to earning his regular $1250
Some business were affected the minute the covid 19 rules were put in place eg gyms pubs hotels etc
Other business were still able to operate on sales that were made pre covid 19 but will be affected 3-4 months down the track the building industry is a good example of this if their sales were reduced after the shut downs
Im a tradie working for new home builders i have employees.
if in 2 months time my work drops due to poor sales after covid 19 then at least i can still pay my workers a min $750 if we are only working 1-2 days per week or no days at all
It helps keep my business running and my workers employed, at least this way you still have the same guys working for you when work picks back up.
There will be periods when the employer will get to pocket the whole Jobkeepers for themselves and the employers and will do okay out of it....but also there are times when employers have kept workers on at a loss just to keep them employed. it goes both ways.
But yes if work goes quiet then the employees that aren't eligible for Jobkeepers will more than likely be the ones who get laid off first, but then they can get jobseekers anyway but thats up to the employer and how keeping that employee employed will help the business in the future.
There will be people who rort the system there always will be but as a whole it probably has helped keep more business running. which is a good thing in the long run especially small business that usually only operate on tight profits margins anyway