June 2020 Tax Update - ATO JobKeeper Audit Targets; Company Tax Rate DOWN to 26%; Key Tax Changes From July 1; Are Casual Workers Entitled to Paid Leave?

This afternoon, PM Scott Morrison announced his 3rd instalment to the COVID-19 stimulus package for the Australian economy. This package is centered around the ‘Jobkeeper package’ that will total $130bn over 6 months to ‘support the jobs and livelihoods’ of almost 6 million Australians.

This article summarises stage 2 of the Government’s economic response to the Coronavirus economic impact. Further measures announced to support Australian business through an unprecedented time for all of us.

Who would have thought at the start of 2020, as the New Year kicked over, that we would be tuning in to hear phrases like ‘social distancing’ and ‘self-isolation’ everywhere you go. Right now it certainly seems like the whole world has been turned upside down with this global pandemic. As we are constantly being updated with numbers of cases on the rise, the big question a lot of business owners are asking is - “Will my business get Coronavirus?!”

This article summarises the Government’s economic response, targeting four key areas which we have summarised for you, breaking down simply how you can benefit (including links to the treasury fact sheets for each area)