Comments on the 2020 Federal Budget
The 2020 Federal Budget has been handed down delayed due to COVID-19.Rather than returning to surplus the effects of the COVID-19 pandemic sees the country in a recession with debt of over $200 billion and this is anticipated to grow to $1 trillion. The focus of the Budget is to deliver an Economic recovery plan […]
JOBKEEPER 2.0 UPDATES
JobKeeper 2.0 rules have now been released. The scheme was to end on 28 September but has now been extended until 28 March 2021. From 28 September 2020 Employers need to demonstrate that their actual GST turnover has fallen against a comparable period. Tier 1 and tier 2 JobKeeper rates apply and are generally based on average hours worked by employees. Extension […]
