Empowering SMEs

Taking Opportunities/Upgrading Your Accountant's Role


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The Australian government made a number of very important announcements this week, including the JobKeeper extension which, from 28th September 2020, will comprise 2 tiers with a reduction in the fortnightly payments payable to people who qualified at 1st March 2020.

Tier 1 applies to people who were working more than 20 hours per week at 1st March 2020.

Tier 2 applies to people who were working less than 20 hours per week at 1st March 2020.

In both cases, the people must still be employed by the business/charity.

Tier 1 payments from 28th September 2020 to 3rd January 2021 will be $1,200 per fortnight and from 3rd January 2021 to 28th March 2021 will be $1,000 per fortnight.

Tier 2 payments from 28th September 2020 to 3rd January 2021 will be $750 per fortnight and from 3rd January 2021 will be $650 per fortnight.

 

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Empowering SMEsBy Peter Towers