Debunking JobKeeper Myths | Presenter: Robyn Jacobson, CTA, The Tax Institute
The JobKeeper Program is the most significant and costly part of the Government's COVID-19 economic stimulus package. Practitioners and businesses have worked tirelessly to understand the rules to ensure they apply them correctly.
Do you fully understand the rules, the anomalies and the nuances of these complex provisions? In this webinar, Robyn will break it all down, provide a practical perspective on how the rules apply and clear up areas of lingering confusion, including:
- Conditions for eligibility " paid employees
- Eligibility criteria for employees
- Decline in turnover tests, including the alternative tests
- Conditions for eligibility " business participation
- Eligibility criteria for eligible business participants
- Making and receiving JobKeeper payments, and how JobKeeper interacts with payroll cycles
- Monthly reporting obligations
- Debunking the myths
- Importance of documentation and retaining an audit file.