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Employee Obligations   Employees will receive a notification from their employer that they are receiving the JobKeeper Payment. The majority of employees will need to do nothing further.   Employees in the following circumstances will have additional obligations.   Employees that have multiple employers must notify the employer that is their primary employer. Employees that are not Australian citizens must notify their employer of their visa status, to allow their employer to determine if they are an eligible employee. Employees that are currently in receipt of an income support payment must notify Services Australia of their new income. Background on Jobkeeper Payment for Employees   Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a wage subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 20...

A business may be eligible to receive the JobKeeper Payment if their turnover has been reduced because of the coronavirus. Following registration by the eligible business, the Government will provide $1,500 per fortnight per eligible employee until 27 September 2020.   The JobKeeper Payment is available to eligible employers, businesses including companies, partnerships, trusts and sole traders, not-for-profits and charities.   The intent of the JobKeeper Payment is to enable any eligible self-employed person to get a wage subsidy regardless of what business structure they use, where:   the business operates through a sole trader structure – one owner can be nominated to receive the JobKeeper Payment the business operates through a partnership – one partner can be nominated to receive the JobKeeper Payment the business operates through a company – one director can be nominated to receive the JobKeeper Payment the business has shareholders who provide labour to ...

What is a PAYG Instalment?   A PAYG instalment is an estimate only made by the Australian Taxation Office based on your previous years’ assessment and is essentially a prepayment of the tax liability.   The ATO will also determine how frequently you are required to pay these instalment amounts.   How do PAYG instalments affect my Annual Tax Return?   Upon lodgement of your Tax Return , the instalment paid will be credited against your actual tax liability to determine if additional tax is payable or a refund due.   Your PAYG instalment is greater than the actual tax liability After finalising the Annual Tax Return, if it is noted that the actual tax liability is less than the PAYG instalment amount already paid to the ATO for the Financial Year then upon lodgement of the Tax Return, you will be entitled to a refund from the ATO.   PAYG instalment is less than the actual tax liability If the actual tax liability is greater than the PAYG instalment amount...

Brisbane is the first city in Australia to receive access to Uber’s new car rental service, Uber Rent. The rideshare platform launched a trial of the world-first new feature, which lets users hire a car through the Uber app. To use Uber Rent, you’ll first need to update your Uber mobile app to the latest version. If you’re part of the initial rollout, you’ll be able to select “Rentals”, where you’ll see a search page provided by CarTrawler – a car rental supplier and Uber’s partner. From there you can choose and book the car you’d like, as well as the date and location. “While many Australians will drive to a wine region, down the coast or explore the mountains in their own car – not everyone has access to their own private vehicle,” Uber Australia and New Zealand, General Manager Dom Taylor said in a statement. “At Uber we believe you should always be able to get around, even if you don’t own your own car, and Uber Rent is one more way of helping people do just that.” Not eve...

JobSeeker: how to treat in tax return   JobSeeker payments are taxed.   The ATO will automatically load this information into the ‘government payments and allowances’ section in your tax return, but it will not necessarily be there from July 1.   This means if the information is missing when you do your tax return, you will have to provide this information to your tax agent or wait until the data is available on ATO portal.   “Leaving out income can slow down your return or result in a bill later so it’s definitely best avoided.   JobKeeper: how to treat in tax return   JobKeeper payments are taxed as regular income.   If you have received JobKeeper payments from your employer do not need to do anything different to other “normal” years.   The payments will be included as salary and wages and/or allowances, in your regular income statement, which your employer provides directly to the ATO.   The income statement sent to the ...

Work from home – Shortcut method ATO has introduced a shortcut method to simplify how you calculate your deduction for working from home. This method is temporary and only available for the period 1 March to 30 June 2020. All employees working from home in this period can use this method. Using this method, you can claim 80 cents per hour for each hour you work from home during the period 1 March to 30 June 2020. You can choose to use this rate if you: are working from home to fulfill your employment duties, not just carrying out minimal tasks such as occasionally checking emails or taking calls have incurred additional running expenses because of working from home. The shortcut method covers all your work from home expenses, such as: phone expenses internet expenses the decline in value of equipment and furniture electricity and gas for heating, cooling and lighting. If you use this method, you cannot claim any other expenses for working from ...

JobKeeper – Business monthly declaration If you have enrolled for the JobKeeper Payment and identified your eligible employees, you need to make a business monthly declaration to the ATO. You will be able to do this from the 1st to the 14th day of each month, to receive reimbursements for the payments you have made to your employees in the previous month. For example, the business monthly declaration for reimbursement of JobKeeper payments for the month of May needs to be completed by 14 June. Each month every business enrolled for Job Keeper payment must reconfirm their reported eligible employees. Every business must also provide information regarding their current and projected turnover. This is not a re-test of your eligibility, but rather an indication of how your business is progressing under the JobKeeper Payment scheme. If your eligible employees change or leave their employment, you will need to notify ATO through your monthly declaration. Conta...