Jobkeeper 20
Will thousands of workers get sacked under jobkeeper 20.
Jobkeeper 20. What will sole traders receive can new workers join and is the 20 hour rule flexible. For the second quarter of jobkeeper 20 being 4 january 2021 to 28 march 2021 the jobkeeper payment will be. On 21 july the government announced it is extending the jobkeeper payment until 28 march 2021 and is targeting support to those businesses and not for profits which continue to be significantly impacted by the coronavirus. Join us on friday 31 july for a special one hour presentation.
Still have questions relating to jobkeeper 20. Click here for details. From 28 september 2020 eligibility for the jobkeeper payment will be based on actual turnover in the relevant periods the payment will be stepped down and paid at two rates. 1000 per fortnight for eligible employees that in the four weeks before 1 march 2020 were working for 20 hours or more a week on average and for business participants who were actively engaged in the business for more than 20 hours.
Jobkeeper 20 is coming and there are a litany of changes to get across before september 28 when the first phase of the 86 billion wage subsidy program expires. Below is a broad run down of the. Fears businesses will be forced to slash staff or face going bust as covid 19 subsidy is reduced from september. For more on the latest legislation changes join us for our monthly tax updates hosted by some of australias leading tax experts.
22 july 2020.