How the coronavirus JobKeeper payment scheme can help your business
The JobKeeper payment is a wage subsidy of $1,500 per fortnight that will be paid to eligible businesses for up to 6 months. Eligible businesses will start receiving the subsidies from the first week of May for:
yourself (if you’re self-employed),
any full or part-time staff that you retain (even if they are stood down from work duties during the next 6 months due to the impact of the coronavirus), and
any casual staff you have if they have been with you for at least 12 months.
To be eligible for the JobKeeper payment scheme, your business needs to:
have a reduction in revenue of more than 30% for at least 1 month after 1 March 2020, and
have an annual turnover less than $1 billion.
If you meet those eligibility requirements (or you believe that you will), you can register your business for the JobKeeper payment via the Australian Taxation Office’s website.
How we can help
Ensuring that your bookkeeping is accurate and up to date can help your business to demonstrate your eligibility for the JobKeeper payment scheme. It can also help you to access the other government support measures on offer for affected businesses during the coronavirus crisis, as well as help you to make smart decisions during this tough time.
At Scorpion Bookkeeping, we can help you with any bookkeeping support services that you may need, no matter what type of business you have. We currently have clients in a diverse range of industries in South Australia, Victoria and New South Wales.
Contact us today to find out how we can help your business!