Huge additional JobKeeper concession announced for charities

Based on the Treasurer’s announcement over the weekend, charities now have the option of excluding Government income from their JobKeeper turnover test (i.e. in proving a 15% decline). That means the turnover reduction can be limited to the comparison of non-Government income sources, such as donations and fee for service. See the media release here. We can see [...]

2020-04-28T22:36:52+00:00 April 28th, 2020|NFP sector, Purpose Accounting team|
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More charities now eligible for Covid-19 wage subsidy – downturn threshold reduced to 15%

Last night the Government signalled a key change to the JobKeeper wage subsidy, as it applies to non-profit orgs. The wage subsidy was introduced last week to help those employers experiencing economic downturn as a result of Covid-19, to retain staff through the crisis. The subsidy provides $1,500 per employee*, per fortnight for up to [...]

2020-04-08T05:40:37+00:00 April 6th, 2020|NFP sector|
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