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Practitioners potentially ‘misled’ by ATO’s JobKeeper turnover guidance

Practitioners potentially ‘misled’ by ATO’s JobKeeper turnover guidance

Practitioners relying solely on the ATO’s JobKeeper guidance on its website may have been misled to believe their clients are ineligible for the program, says a leading tax expert.

by Shared by Accountants Daily | May 26, 2020

ATO cautions businesses over FBT calculation methods

The Tax Institute’s senior tax counsel, Professor Robert Deutsch, believes tax practitioners who are only relying on the cash or accruals method to determine a decline in turnover could be inadvertently locking clients out of the JobKeeper program that they could be legitimately entitled to.