JobKeeper – Is your business still eligible from the end of this month?

For Jobkeeper 2.1, the Tax Institute in Australia has put out a very useful infographic on the new JobKeeper (JK2). 

Is your business eligible? If you are on Job Keeper currently, will you still be eligible after 27 September?

Bear in mind that the payments from the ATO will decrease for JK2.  It is the whole Qtr of sales in the September Qtr, and then the December Qtr where your small to medium business needs to be at least 30% down from the previous year’s quarter.  Make sure that if you report your BAS on a Cash basis, that you are running a cash profit and loss report when you are comparing quarterly sales; not an accrual profit & loss report.

If you have any query, please contact us on info@in8businessadvisory.com.au