AWARD WINNING ACCOUNTING PRACTICE IN CAULFIELD
Specializing in all cloud accounting & bookeeping automation solutions.
WHAT IS JOBKEEPER?
The JobKeeper Payment scheme is a temporary subsidy for businesses significantly affected by coronavirus (COVID-19). Eligible employers, sole traders and other entities can apply to receive $1,500 per eligible employee per fortnight. Key points: JobKeeper is paid to employers.
The Government is introducing a wage subsidy program to support employees and businesses. The JobKeeper Payment is designed to help businesses affected by the Coronavirus to cover the costs of their employees’ wages, so that more employees can retain their job and continue to earn an income.
Keeping Australians in work and businesses in business will lay the foundations for a stronger economic recovery once the Coronavirus crisis passes.
HOW TO GET JOBKEEPER?
You can enroll in the JobKeeper scheme on the ATO website using an online form. After you enrol, you will need to identify your specific eligible employees and submit the information to the ATO. Follow the steps on the ATO website to enroll and apply for the JobKeeper payment.
AM I ELIGIBLE FOR JOBKEEPER?
The JobKeeper payment is open to eligible employers to enable them to pay their eligible employee's salary or wages of at least $1,500 (before tax) per fortnight. Eligible employers will be reimbursed a fixed amount of $1,500 per fortnight for each eligible employee.
Employers are eligible for the JobKeeper payment if all of the following apply:
- On 1 March 2020, you carried on a business in Australia, or were either
- a not-for-profit organisation that pursued your objectives principally in Australia, or
- deductible gift recipient (DGR) endorsed either, as a public fund or for a public fund you operated, under the Overseas Aid Gift Deductibility Scheme (DGR item 9.1.1) or for developed country relief (DGR item 9.1.2)
- You employed at least one eligible employee on 1 March 2020.
- Your eligible employees are currently employed by your business for the fortnights you claim for (including those who are stood down or re-hired).
- Your business has faced either a
- 30% fall in turnover (for an aggregated turnover of $1 billion or less)
- 50% fall in turnover (for an aggregated turnover of more than $1 billion)
- 15% fall in turnover (for ACNC-registered charities other than universities and schools).
- Your business is not in one of the ineligible employer categories.
Work out if you are an eligible employee
Based in Caulfield East, Hillyer Riches is a friendly dedicated team of qualified accountants, business advisers and mentors for family-owned businesses.
With over 30 years of experience we don't just talk about theory, we give practical advice that helps you achieve real results.
Whether you’re a startup with an innovative concept, establishing a new company, growing or consolidating your business, maximising your superannuation, or seeking the right advice about how to protect your investments, Hillyer Riches gives you an advantage.
Our accountants are trained experts in cloud accounting solutions and are able to provide advice and guidance on adoption of the right technology to suit your business. As a partner with MYOB, Quickbooks & XERO, Hillyer Riches is able to review your needs and select the system that suits you best.
Leading the way in accounting & business advisory
Accounting & Taxation Services
Interpreting financial statements is more than just processing numbers on a page. Similarly a sophisticated taxation strategy doesn't just rely on minimising the amount of tax you pay at the end of the financial year.
Your tax figures are pivotal in telling the story of your business. You gain in-depth insight from our specialist tax and accounting services, helping you to action changes that drives lasting change in your business.
Bookkeeping & BAS Services
If you need bookkeeping advice or services we have specialist team ready to provide you with a full range of bookkeeping services. We are an MYOB Gold Partner and also specialize in Xero and QuickBooks cloud accounting software solutions.
Hillyer Riches implement efficient ongoing bookkeeping solutions to help keep you on track, help you manage your cash flow so you have funds when you need them.
With exciting opportunities accompanied by increasing risk, it’s important to have good advisors with experience in growing businesses. We help you identify risks and avoid common pitfalls while you drive growth in your Melbourne business.
Growth can bring many important strategic decisions. Ensure your moves are strategic and controlled - they can make or break your business.
We’re not the bland grey-suit accountants who will discourage you from taking any risk and stifle your desire to grow. We want to see you grow and succeed. We’ll encourage your entrepreneurial spirit while also helping you develop frameworks to identify and manage risks.