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Recorded Webinars

Recorded Webinar: Coronavirus and JobKeeper: The Way Forward for Charities and Not for Profits

The Government’s JobKeeper program, one of the most generous pieces of social engineering ever, is in substance a wage subsidy but in form a tax transfer payment based on concepts in the GST Act, complete with the ATO as gatekeeper, designed to negate the economic effects of the
PRESENTED BY Russell Postle Consultant, Business Services - BDO , Brisbane

Date/Time

About the Webinar

The Government’s JobKeeper program, one of the most generous pieces of social engineering ever, is in substance a wage subsidy but in form a tax transfer payment based on concepts in the GST Act, complete with the ATO as gatekeeper, designed to negate the economic effects of the COVID-19 health crisis. JobKeeper offers the most generous concessions of all to charities. Not for profits, in some cases even more affected by COVID-19, will have to satisfy a 30% drop in turnover test. This webinar will provide essential guidance to both groups in ensuring that they access JobKeeper if they are eligible.

  • The scheme in a nutshell
  • Employer eligibility under Covid-19 (Coronavirus) JobKeeper
    • Drop in turnover test – 15% for charities and 30% for non charity NFPs, schools universities
    • Position of schools and universities
    • Actual and projected turnover for GST purposes
    • Turnover periods – months and quarters
    • Turnover in later periods
    • Alternative test
    • Startups
    • Need for documentation
  • Employee eligibility under JobKeeper - who is in and who is out – rule with casuals
  • Casuals with more than one employer
  • From when does the subsidy start?
  • How is the subsidy paid?
  • Requirement to pay wages first – the concept of JobKeeper fortnights
  • Matching payroll to the JobKeeper fortnights
  • Transitional provisions for first fortnight
  • Tax status of payments
  • Commissioner’s discretion
  • What happens if your actual turnover ends up being higher?
  • Repayment
  • Anti-avoidance

Presented By

Russell Postle
Consultant, Business Services, BDO Brisbane, QLD

Russell is a Business Services Consultant with BDO in Brisbane.  He works with clients to enhance their business operations and identify new opportunities for growth.

Russell has extensive experience across the areas of audit, cost accounting, business valuations, corporate restructures, forensic investigations and taxation consulting.  He is a family business specialist, managing and planning the succession of their business to the next generation.  Russell has supported clients to realise their export / import goals, provided aviation consulting services to airlines, and advised private family owned and operated cattle and cotton clients.

Russell joined BDO in 1994 and has worked across the agribusiness, manufacturing and not-for-profit sectors for more than 30 years. Russell also leads BDO’s manufacturing sector team.

Who Should Attend?

This webinar is suitable for executives working for not for profits and charities. This webinar is for those with some knowledge in this area and looking to improve their knowledge. SPECIAL PRICING Usually our webinars are sold at $262 GST inclusive but this webinar has been reduced to $187 GST inclusive for all charities and not for profits.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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