ATO Alternative Test
The much anticipated “alternative test” criteria has been delivered by The Australian Taxation Office yesterday.
The alternative test is available to businesses that cannot satisfy the 30% revenue reduction by comparing their current years turnover against last year’s turnover due to a unique circumstance.
The following unique circumstances allow businesses to calculate their respective decline in revenue via an alternative mechanism:
JobKeeper Registration Reminder – “Call to Arms”
Additionally we note that in discussions with many of our clients they were not aware that JobKeeper registration is open now. So please be aware that JobKeeper registration is now open and in order to claim JobKeeper subsidy for April your registration must be completed by 26 April 2020.
Please contact us if you would like to discuss the application of the alternative test to your business or need assistance with registering for JobKeeper.