COVID 19 Government Info

Job-keeper Payment Update

Job-keeper Payment Update:

Think of this payment as a subsidy to the employer from the Government to continue paying their employees.

Each eligible employee receives at least $1,500 per fortnight (before tax). If they were already being paid this amount from the employer then their income will not change. If they were receiving less than this amount, the employer will top up the amount paid to them to the $1,500 (before tax).

Effective from 30 March 2020 and is for a maximum period of 6 months.

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To be eligible employers, businesses must

To be eligible employers, businesses must:

  • Have turnover of less than $1 billion - Learn More
  • Have experienced a drop in income of 30% - Learn More
  • Must have had eligible employees as at 1 March 2020 - Learn More
  • Confirm that each eligible employee is still engaged by the business. - Learn More
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Eligible Employees are employees who

Eligible Employees are employees who:

  • Are currently employed, stood down or re-hired by the eligible employer - Learn More
  • Were employed as at 1 March 2020 - Learn More
  • Are full-time, part time or long-term casuals (longer than 12 months) - Learn More
  • Are an Australian citizen or a holder of a permanent visa or certain other specific visa holders - Learn More
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MONTHLY REPORTING

Key Questions About Your Rights

  • How will the 30% drop in income be calculated? - Learn More
  • How are employers expected to be responsible for administering the system and what’s really involved? - Learn More
  • How would employers be able to undo terminations already made (including payouts of leave)? - Learn More
  • How would employees be treated if re-hired after applying for Job-seeker payments? - Learn More
  • How will eligibility be determined for self-employed people who derive income by dividend or distribution? - Learn More
  • Are Employers allowed to reduce the wages previously paid to the eligible employees and still be eligible? - Learn More
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WHAT OUR CLIENTS SAY ABOUT US

ar-mdl

I thought my bookkeeper was doing the right thing. By chance Bookkeeping services were invited to look at what we do, and their skill goes beyond simple bookkeeping. They identified the issues with the accounts that were not being done. Particularly as we have a complex system of stock and sales being operated in another IT environment which was then transferred into XERO. They look after all our payroll debtor’s creditors and banking functions

They think about what they do not just data entering, they understand and explain the numbers to me, so I understand my business better.

CHARLES M

BARSNRACKS

Previous to Book keeping services, we were paying over $24,000 for bookkeeping. Not only are the costs with book keeping services cheaper, they have been far thorough and complete in their service delivery. Now we just get on with our business knowing our financial information is correct and tax obligations sorted, on a monthly basis. They look after our creditors, debtors, wages, BAS and solve any issues we may have.

What we also have taken up is year end, tax and accounts as well as financial advice. They have helped us with loan insurances and strategic decisions as well. They are worth a try!

Jo L

I am not interested in the bookkeeping side. I just want to run my business and do what I am good at selling. When I was introduced to bookkeeping services, they sorted my past information dealt with the ATO and worked out a strategy with them that suited my cashflow and the ATO.

Now I have business stability and no more worries about the financial side of the business.

TONY B

Zodiac consulting

We originally employed an accountant to look after our business but we opted for Book keeping Services and Business Adviser who have been responsible for our internal financial accounting operation for over 5 years. The cost of an employed accountant includes workers compensation Superannuation and workers compensation hence by using book keeping Services resulted in a saving of about $9K p.a.

We can rely on them to manage all our data entry invoicing creditors and wages. WE are a complex firm with multiple entities providing insolvency services so we know what is expected of financial services. They also have a packaged service so we know what we get and our fee is set. The added bonus is that we get complete financial services that include tax finance and general business advice.

Chris

OBP