ATO releases JobKeeper alternative test

The alternative decline in turnover test rules for the JobKeeper payment scheme has now been registered by the ATO.

by Shared by Accountants Daily | 23 Apr, 2020

ATO cautions businesses over FBT calculation methods

The legislative instrument, Coronavirus Economic Response Package (Payments and Benefits) Alternative Decline in Turnover Test Rules 2020, has now been registered. The alternative tests will only kick in if an entity cannot satisfy the basic decline in turnover test.