$1,500 JobKeeper subsidy to keep staff employed
|Applies to||Based on comparable periods:
A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn).
To be a part of the subsidy, employers will need to ensure that their employees receive at least $1,500 per fortnight (before tax). See below link for more detail.
Register your interest
What we dont know
- Detail of exactly how the turnover reduction will be calculated
- How sole traders, contractors, partners in a partnership will access the subsidy (although we know they can)
- Whether the employer must maintain current salaries for staff who are being paid more than $1,500
The Prime Minister has stated that they will recall Parliament to pass the JobKeeper initiative. We’ll keep you updated.
Our team at Lee & Lee are here to help you. Please call us on 07 3103 8551 to discuss further about how we can help you!
Susan Flux, Brisbane
Since that time I known Tony and his team at Lee and Lee, they have provided me with outstanding advice and services regarding my personal, family and especially my SMSF borrowing setup for wealth creation and tax reduction strategies that have since led to financial independence.
I now very clear and feel confident on my future financial goals and taxation strategies and know they can be achieved with Tony's expert and professional help.
Shukri Barbara, Property Tax Specialists Sydney
Tony has impressed me with his technical knowledge and execution. He works with honesty and integrity and is generous in his dealings.
John Mu, Internet Marketing Strategist Gold Coast
Tony has the strategies which are helping me legally minimise tax. He has helped me in my personal development and wealth creation to build a multimillion dollar property portfolio.
If you want a hands-on accountant who knows his stuff...Tony Lee is the man!