The Tax Institute

JobKeeper: determining decline in turnover using cash or accruals

There has been some confusion around the correct basis for determining the decline in turnover when applying the basic turnover test for the JobKeeper Scheme due, in part, to the reference to ‘cash...

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Service entities, charities, all ‘eligible employees’ in: further clarity on the JobKeeper Scheme

The Treasurer, the Hon Josh Frydenberg MP, has further clarified how the JobKeeper Payment scheme will apply in particular circumstances, including:

Employees employed through a special purpose...

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How to apply for JobKeeper payments if you’re affected by COVID-19

From today, 20 April 2020, Australian businesses facing the economic fallout of COVID-19 can now apply for JobKeeper payments for eligible employees.

The ATO has released comprehensive guides on...

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Tax Talks: Bob Deutsch reviews current COVID-19 stimulus measures

The Tax Institute Senior Tax Counsel, Bob Deutsch, joined the hosts of the Tax Talks podcast to review the COVID-19 stimulus packages currently in play, and to discuss the JobKeeper payment scheme...

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ASIC: Tax agents can provide advice on early superannuation release amid COVID-19

ASIC has announced three temporary relief measures regarding financial advice, including that registered tax agents can now offer existing clients limited financial advice about the early access to...

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How we’re advocating for the tax community during COVID-19

One of the important things we do at The Tax Institute is to advocate for our members and the entire tax profession, by working with lawmakers, the Federal Treasury and the ATO. With the Australian...

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Third COVID-19 stimulus package: JobKeeper payment need-to-knows

As the COVID-19 pandemic continues, the Federal Government has announced its third and most substantial phase of the economic stimulus package. The intention is to assist the ‘hibernation’ of...

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Payroll tax relief during COVID-19: what you need to know

The Victorian Government recently announced payroll tax relief measures to help small businesses weather the economic impact of the coronavirus (COVID-19) pandemic, joining other state governments...

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Second federal stimulus package includes early release of superannuation

On Sunday, 22 March, the Federal Government released a second stimulus package as part of its plan to cushion the economic impact of the coronavirus, and help businesses and households get through...

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