Is the turnover test based on Net Profit No, it is based on GST Turnover. Net profit is your sales less expenses, however GST turnover is in essentially your sales amount plus sales likely to be made in a test period less some specific exclusions. A sole trader has an ABN but has never lodged
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(updated 8th Aug 2020) Businesses who have been significantly impacted by COVID-19 will be able to access a wage subsidy to continue paying employees. Under the JobKeeper program you will be able to claim a fortnightly payment of $1,500 per eligible employee from 30th March 2020. This measure is designed to ensure eligible employers remain
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Small Business Resource Pack (COVID-19) (Updated 15th April 2020) Businesses who have been significantly impacted by COVID-19 will be able to access a wage subsidy called “Jobkeeper” this to assist with continuing to pay employees. Under this JobKeeper program you will be able to claim a fortnightly payment of $1,500 per eligible employee from 30th
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