Small Business Grants Round 2

SA Government Small Business Grants Round 2 The State Government of South Australia is providing Small Business Grants to assist businesses (bothemploying and non-employing) and not-for-profits significantly affected by COVID-19 with funding to help them survive. Get the facts here: • Funding of $10,000 for small business who are employing people in SA and are … Continued

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JobKeeper Payment – Alternative Test

JobKeeper Payment – Actual Decline in Turnover Test ALTERNATIVE TEST Only use this test if you started business after the relevant comparison period (September 2019) but not on or after 1 March 2020. Alternative test 1 • If your entity started business before 1 February 2020: • to determine if your GST turnover has fallen by at … Continued

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JobKeeper Payment – Basic Test

JobKeeper Payment – Actual Decline in Turnover Test BASIC TEST •  Step 1: identify the turnover test period – for phase 2 this is the quarter ending 30 September 2020 •  Step 2: identify the relevant comparison period – for phase 2 this is the quarter ending 30 September 2019 •  Step 3: work out the current … Continued

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