JobKeeper and JobSeeker

Adrian Rasmussen • April 2, 2020

The Federal Government has announced the introduction of a new JobKeeper Payment of $1500 per fortnight to subsidise eligible employers and self-employed individuals.

It will be facilitated by the ATO (not Centrelink) and will be made available to businesses, including sole traders, who have either had to close their doors, or have taken a hit to revenue of 30% or more due to the Coronavirus (or 50% or more if your revenue is usually over $1 billion).

Please note – Job Keeper is different to Job Seeker .

Importantly, much of the detail is still being finalised by the Government. Legislation is expected to be put before parliament next week. There are still many issues to be ironed out around casual worker entitlements, tax withholding, super guarantee, comparative periods for demonstrating revenue loss and more.

We understand how frustrating it can be, and know that many of you, both businesses and individuals, are anxiously awaiting clear details. Every individual and every business will be different in terms of what will be the best way forward with Coronavirus stimulus payments, and for some (like those in the rural sector) there may be interaction with drought support as well.

Please call us to talk through your circumstances and ask your questions.  We are recording the common questions and asking our researcher and legal advisors to follow through with any unresolved questions so that we can assist you as soon as possible.

 

 

 

 

 

 

 

 

 

 

 

The post JobKeeper and JobSeeker appeared first on BMO Accountants.

Succession planning that honours the business you built

By Kelvin Tyler • September 10, 2025
For many small business owners, the business they’ve built is more than a livelihood, it’s a legacy. Building a successful business takes years of hard work and dedication and when you're ready to retire or move on to the next chapter of your life, the path isn’t always clear. That's where succession planning comes in.

Unlock more time in the day with AI

By Helen Ruddy • September 10, 2025
AI is everywhere these days, and honestly, it can feel a bit overwhelming. There’s a flood of apps, tools, and buzzwords available. With so many options, it’s hard to know where to start or even if it’s worth your time investigating. But here’s the good news; when used thoughtfully, AI can be a total game changer, saving you precious hours every week.