From 4 January 2021, businesses and not-for-profits should reassess their turnover to be eligible for the JobKeeper Payment.
JobKeeper extension: phase 2 update
![JobKeeper Scheme](https://hlb.com.au/media/2019/07/small-business-working-together-1024x237.jpg)
From 4 January 2021, businesses and not-for-profits should reassess their turnover to be eligible for the JobKeeper Payment.
In response to Melbourne’s extended restrictions, the Victorian Government announced the Business Survival and Adaptation Package ($3 billion).
Four superannuation strategies that could help to boost retirement savings if your super balance took a hit during the pandemic.
Federal Treasurer Josh Frydenberg recently released the Government’s interim Economic and Fiscal Statement which sought to reconcile Australia’s Budget position following $289 billion worth of COVID-19 measures.
The COVID-19 crisis has demonstrated that the traditional approach to Enterprise Risk Management needs to be re-assessed. ERM needs to evolve to better manage risks.
JobKeeper has recently been the topic of much debate in technical circles. This article considers the accounting treatment of JobKeeper payments for both for-profit and not-for-profit entities.
The IASB has offered some practical relief to simplify the accounting for changes to lease arrangements that are directly linked to the pandemic.
Steering a business through the murky waters of COVID-19 isn’t without its challenges but, as Melbourne’s Jeff Long can attest, careful planning can mitigate the impact with opportunities already emerging.
With the June reporting season now imminent, it is increasingly important for Boards and finance teams to assess and understand how the pandemic may affect fair value measurement come June 30.
The JobKeeper Payment has now been legislated by Parliament. The eligibility rules have been officially released by Treasury and we outline key points for employers, sole traders and other entities.