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Recorded Webinars
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

Date/Time

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

Presented By

Mark Molesworth
Partner, BDO

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

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