The $1,500 JobKeeper Subsidy Webinar

Making sure your clients get it right

Recorded Wednesday, 15 April 2020

Individual Recording

Eligibility for employers, employees, sole traders & other structures
Calculating turnover, managing registration, and the payment in practice
Risk managing the client and your practice

With $130 billion on offer, there are plenty of risks if you get it wrong. And, like any package of this type, the devil is in the detail.

The JobKeeper subsidy represents the largest single stimulus initiative ever offered to Australian business. A payment of $1,500 per fortnight for each eligible employee for a period of up to 6 months is a massive underwrite of the Australian economy and already hundreds of thousands of businesses have registered their interest to participate in the scheme.

When participating in the scheme, employers will certify their eligibility and that of the employees they nominate to be covered by the payment. And, there are integrity provisions included in the legislation to protect against false or incorrect claims.

In all cases the employer will be paying their employee in advance of receipt of the subsidy, and if they get it wrong, they will have little or no recourse against their employee.

For the accountant advising their client, or deemed to be advising the client, there is a risk of providing incorrect advice or inadvertently not providing complete advice.

Individual Recording
Office Recording
Member Register

What we cover

Practitioners need to understand the detail of the JobKeeper package and its requirements. Then, have a process for both your client and your firm to ensure that the appropriate steps and documentation have been completed to support any claim being made.

The majority of your clients will want to act on this in April to take advantage of the financial support being offered. This means that there will be time pressures on everyone. For some clients, the assessment and steps to claim will be quite simple. But for other clients, the eligibility criteria needs much closer examination.

Under this scheme many clients will be receiving tens or hundreds of thousands of dollars over the six-month period. They cannot afford to get this wrong.

Supported by practice based examples and scenarios we cover:

Eligibility at the employer level
  • Proving the 30% or 50% reduction in business revenue (what is counted)
  • Identifying your eligibility test period
  • The impact of multiple employers within the one corporate group
  • Alternate eligibility under the Commissioner’s discretion
  • Arguments to support exercise of the Commissioner’s discretion
  • Working with non-profit organisations and charities
Eligibility at the employee level
  • Employees who are eligible
  • Employees who are not eligible
  • Testing eligibility at the employee level
  • What about contractors?
Eligibility for sole traders & other entity structures
  • Testing to get them into the net
  • Contractors working through entity structures
The payment in practice
  • Requirement for the employee to be paid
  • Interaction with employees who have been stood down
  • interaction with employees on annual or long service leave
  • Applying the superannuation guarantee rules
Risk managing the client and the accountant
  • Understanding the integrity measures
  • The impact of the client certification / declaration
  • Supporting your position
  • Workpapers and checklists to standardise process and quality control
  • Mitigating risk to the accountant

All registrants receive a copy of the sample work program and supporting checklists that can be used in your practice.

Individual Recording
Office Recording
Member Register

Greg Hayes

Director, Hayes Knight
Chairman, Knowledge Shop

Greg has been advising clients for over 30 years. He brings a wealth of practical experience, an astute commercial mind, and his knowledge of tax law to his work.

Greg has a genuine interest in small and medium businesses and ensuring that they achieve the best result possible. He specialises in strategic planning techniques, valuations, and practice management.

He has built a successful Australasian accounting group from modest beginnings in the outer suburbs of Sydney. A popular presenter, Greg has ‘been there and done that.’ There are no untested theories or marketing hype – just practical, realistic principles that apply in practice.

Greg is a familiar face in the Australian media as an expert commentator on business and taxation issues. He is a former member of the Advisory Review Panel for the Board of Taxation.

Greg will take you through the process developed for Hayes Knight clients.

Greg Hayes
Greg Hayes
Director, Hayes Knight

Register

 

Individuals

$145 Member
$165 Non-member

 

 

Office

$295 Member*
$365 Non-member*

 

*The office rate applies per office location (maximum 20 participants per office location). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.

 

How to access the recording

  1. Knowledge Shop members, access your discounted pricing by logging into the Knowledge Shop member website and registering. More on membership.
  2. For Individuals:
    • Register and we will email you your access details to Knowledge Shop's IQ platform (generally within 24 - 48 hours).
    • Your recording and any successive recordings you purchase will display on your personal profile.
  3. For Offices (access for up to 10 individuals from the same firm): 
    • Register and we will contact you to organise login details for your nominated staff members (generally within 24 - 48 hours).
    • You can also nominate a supervisor from your firm who will be able to see who has completed the webinar and where applicable, their quiz scores.
  4. Your recording will be available for 3 months from the date of purchase and can be viewed as many times as the registered person likes within those 3 months. Once watched, your PD hours will be recorded on the personal profile of the participant. 

  

 
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All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for webinar recordings once the Knowledge Shop IQ platform has been accessed.  Refunds are only possible if the webinar recording has not been accessed.