Recorded Webinar: COVID-19: Unpacking the Jobkeeper Scheme and the Cash Flow Boost for Entities at the Frontline

 

7 April 2020

Duration:  1.5 hours

 ABOUT THE WEBINAR
The Government has announced two massive fiscal measures in the last two weeks – both designed to keep people in jobs and the economy afloat: Jobkeeper and the Cash Flow Boost.  These measures will mean life or death to many businesses and will provide a bridge for many desperate employees wondering how they will pay the rent and put food in their mouths.  For many it will mean millions of dollars in support.
 

Mark Molesworth, a tax partner from BDO in Brisbane, will present this webinar.  The presentation itself will last an hour and it will be followed by ample time for questions afterwards.
 

  • The Jobkeeper scheme explained

    • Who qualifies – turnover and turnover drop year on year
    • What periods can you use to measure turnover drop?  Calendar months, monthly periods, longer?
    • How do you measure turnover? Cash vs accruals
    • For which employees can employers claim the subsidy?
    • What must employers pay employees?
    • How is the subsidy payable?  Single touch payroll system
    • Timing of payments
    • Tax status of subsidy
    • Sole traders – how do they qualify and what do they get?
  • The $100,000 cash splash – first tranche of $50,000
    • Who is eligible?  Who had fallen between the cracks?
    • How it works for medium-sized entities (monthly PAYGW and quarterly BAS)
    • How it works for quarterly payers
    • Will the 300% rebate be refunded or offset against other tax liabilities?
  • The $100,000 cash splash – second tranche of $50,000
    • How it works for medium-sized entities
    • How it works for small entities
  • Small business asset write-off – what has changed and who and how does it help?
  • Accelerated depreciation arrangements through June 2021
  • ATO concessions
    • Deferral of payments due through the business activity statement
    • Quicker access to GST refunds
    • Varying PAYG instalments
    • Remittal of interest and penalties that have been applied to tax liabilities
    • Entering low interest payment plans for existing or future tax debts

 PRESENTER
Recorded Webinars,Taxation,Recorded Webinar:  COVID-19: Unpacking the Jobkeeper Scheme and the Cash Flow Boost for Entities at the Frontline

Mark Molesworth, Partner, BDO, Brisbane

Mark is a partner with chartered accounting firm BDO’s tax division. He has more than 20 years’ experience in advising taxpayers with respect to all areas of taxation including CGT, FBT, and income tax.

Some of his areas of specialty include international tax, the small business CGT concessions, the debt/equity provisions and the trust loss provisions.

He also provides taxation advice to other smaller accounting and legal practices in respect of their clients.

Mark has Bachelor of Commerce and Bachelor of Laws degrees from the University of Queensland and is a Chartered Accountant and Chartered Tax Adviser.

 WHO SHOULD ATTEND?

This webinar is suitable for accountants advising in taxation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au



© Television Education Network Pty Ltd 2020

Product Code: WBNAPR20
 Price:  $264.00 (Inclusive of GST)
© 2020 Television Education Network Pty Ltd. All rights reserved. The program for this webinar is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.