We know the members of the International Forwarders & Customs Brokers Association have been suffering from the pandemic via an increase in costs, specifically in air and sea freight and other charges. This has meant that the profit margins have stayed the same or significantly been reduced. Unfortunately, the JobKeeper test is based on GST turnover which means a lot of the members are not eligible for JobKeeper.
In this webinar, Sydney Partner Mariana von Lucken, Director Bill Nussbaum and Director Jonathan Ackerman address the following topics targeted at International Forwarders & Customs Brokers Association of Australia (IFCBBA) members:
JobKeeper 2.1 and focus on GST Turnover (G1 Revenue Clarification) and the alternative tests
- JobKeeper 2.1
- JobKeeper fortnightly payment rates
- 80-hour reference period
- Employer’s perspective receiving JobKeeper 2 payments
- Rules that have not changed
- What is GST Turnover?
- Industry issues – GST Turnover
- Alternative decline in turnover tests
- Basic or alternative tests
- Substantial increase in turnover test
- Conditions for eligibility (paid employees)
- Eligible employees, relevant employees and ‘one in all in’
Outcomes of the Federal Budget
- What’s new?
- How can it assist your business?
To access the presentation slides, please click here.
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