1.0Business Mantrahttps://businessmantra.com.auadminhttps://businessmantra.com.au/author/admin/JobKeeper extension’s alternative turnover tests - Business Mantrarich600338<blockquote class="wp-embedded-content"><a href="https://businessmantra.com.au/tax-accounting-news-perth/jobkeeper-extensions-alternative-turnover-tests/">JobKeeper extension’s alternative turnover tests</a></blockquote>
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</script><iframe sandbox="allow-scripts" security="restricted" src="https://businessmantra.com.au/tax-accounting-news-perth/jobkeeper-extensions-alternative-turnover-tests/embed/" width="600" height="338" title="“JobKeeper extension’s alternative turnover tests” — Business Mantra" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe>https://businessmantra.com.au/wp-content/uploads/2020/11/WhatsApp-Image-2020-11-19-at-10.20.44-PM-1.jpeg600338The extension of the JobKeeper scheme is now based on current GST turnover, not projected turnover. The basic test compares year-on-year turnover. If there were events or circumstances outside the usual business settings that resulted in your relevant comparison period in 2019 (September or December 2019 quarter) not being appropriate, then an alternative test may...