COVID-19: Employer guide to the Job Keep
Description
*Includes Australian Charities and Not-for-profits Commission (ACNC) registered charities with the exception of public or private universities and schools.**As explained further below, the test for determining whether a business has a turnover exceeding $1b is based on the entity’s aggregated turnover for the income year.
Alternative turnover test
An alternative turnover test may apply in the circumstances listed in the table below.
Note that if an entity satisfies the basic turnover test, it is not necessary to also satisfy an alternative turnover test.
For the sake of brevity, the alternative tests are summarised below. If an entity has quarterly rather than monthly tax periods, further modification of the alternative test may be required.
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Announcement ID: #192647
Published on 05-09-2020
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Contact
Accounts NextGen - Tax Accountants Melbourne
Level 19, 180 Lonsdale
3000
Staughton Vale
Victoria
Australia
Phone: 0390158540
Level 19, 180 Lonsdale
3000
Staughton Vale
Victoria
Australia
Phone: 0390158540
69.00 A$
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