On 21 July 2020, the Government announced that it would extend JobKeeper by 6 months – ‘JobKeeper 2.0’ as many call it. It would be stepped down over two more quarters, each with 2 tiers, depending on whether the employee or self-employed ‘business participant’ worked more or less than 20 hours a week. The ‘decline in turnover’ test would be more stringent, but most of the rest would be the same.

See below for details.

[Tax Month – July 2020]

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