ICGTAX is pleased to make available our 20 page report containing a detailed analysis of the Decline in Turnover tests for the Australian Government’s JobKeeper Scheme.
The Government’s intent is for JobKeeper to work
This $130 billion JobKeeper wage subsidy program is designed to keep more Australians in work and keep more businesses in business – for a quicker and stronger economic recovery post-pandemic.
A relevant decline in turnover is critical for an employer to qualify
Yet the legislated JobKeeper Rules have complexities, uncertainties and imprecision in key definitional aspects of the scheme.
Calculating a relevant decline in turnover is not intuitive and there are alternative tests to enable employers to qualify.
Having undertaken our detailed analysis, our message to employers is:
If you think your do not satisfy the test – Think Again . . . and read this report!
You can download your complimentary report here: DOWNLOAD REPORT