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Job Keeper 2.0 Updates

JOB KEEPER

Australia is contending with the high unemployment rate since the year 2015. There are close to around 1 million people who have filed for the unemployment as the result of Covid-19. While, there are around 5 million who relies on the government job keeper and job seekers. With respect to various payment scheme, there is no longer to get by it but it is an important lifeline during the time where job opportunities are limited and have inevitable job loss ratio. Now, with the fear of second pandemic wave to loom the world, the support for payment scheme extension sounds clear and loud. The updated announcement by the Australian government reveals that the economic support by the payment scheme support would be less than Australians have been obtaining over the past months. Presently, the new change to the Job seeker payment and Job Keeper have been announced by Josh Frydenberg, treasurer. Early report also suggest that it was expected that the scheme of Job Keeper will cost around 130 billion dollars by the September end. Now, Victoria have been facing major restrictions and also lockdown at stage 4 and the bad news is that government is pulling out all the stops to support businesses.

The government have been coming under intense late scrutiny as many have been calling for the Job seeker payment plans and Job Keeper to continue beyond September when they were originally expire. As many families and businesses continues to do it tough, if we are going to make it through the pandemic but there is a need of clear and great support. Mainly, the changes might apply to all over Australia but not only Victoria. Presently, there are around 3.5 million workers who are on the Job seeker wage subsidy an originally, the government had been enforcing tight and strict requirement when it is up to the eligibility for the scheme. Under the original scheme, it is important for the business to prove a drop in the 30 to 50% of turnover relying upon the size to get the subsidy for around 6 months. While, the businesses relying on the scheme will also need to provide frequent reporting of turnover that is essential to prove that they have been experiencing major financial distress. It was also hoped that the scheme would be able to target some specific industries that are facing financial trouble. By following the major outbreak in Victoria, the tight and strict requirements have been rolling back. The government have been announcing the fact that instead of having to evaluate the requisite fall and to qualify for the Job Keeper 2.0, it is important for the businesses to have a fall in the quarter of September. The government have been largely steering clearly from the debate of job seeker specifically as many questions regarding the payment rate and payment scheme. Presently, those who are on the payment plan receives around 40 dollars a day but this is quite low.

In order to learn more about it, contact Opulent Accountants today.

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Moumita Ghosh
Moumita Ghosh
2020-11-18
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We've been meeting Dayan for years now and he is great with his advice and is very knowledgeable and pragmatic. We recently used his services to get the home loan for our house and he and his team went above and beyond to get us the best possible deal. Ishara in his team was super communicative and responsive in following through and made the process very easy for us. Highly recommend them!
Cara Neela
Cara Neela
2020-10-24
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Dayan and Hasi are wonderful, wouldn’t hesitate to recommend them! They went through all with a fine tooth comb to ensure all was correct. Thanks to you both and the Opulent team!
Jason Barry
Jason Barry
2020-09-29
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I was looking for a different accountant and was recommended to Opulent Accountants. I have been blown away with there service. I wish I moved accountant sooner. Platinum Plumbing Enterprises P/L
Afshin Koohestani
Afshin Koohestani
2020-09-10
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Uditha Illeperuma
Uditha Illeperuma
2020-09-08
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Opulent Finance gave professional advice for my unique home loan requirement. They respond quickly with the proper information. The process was smooth and I felt comfortable to deal with the team. The team is friendly and professional to deal with. Highly recommended for any one looking for finance.
Dinesh Fernando
Dinesh Fernando
2020-09-03
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Very happy with the service provided in getting my tax returns done. Mr. Dayan is very helpful and professional and has extensive knowledge in his field of expertise. Highly recommend if you are looking for a hassle free and prompt service.
Ronald Turner
Ronald Turner
2020-07-16
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Opulent were absolutely fantastic to deal with, they are competitively priced and incredibly proactive and friendly. For me I have been much better off using their fantastic services as opposed to doing tax returns myself. Sum was amazing, incredibly knowledgable and super friendly I'll certainly be back with Opulent next year
Milinda Wickramasinghe
Milinda Wickramasinghe
2020-07-05
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Opulent team has been fantastic and it has been truly a pleasure dealing with the team for more than 10 years. Dayan and Ishara have gone above and beyond to assist and communicated with me even when I was overseas. Excellent service has being provided in a professional and timely manner. I would highly recommend the team.
Chami Ranaweera
Chami Ranaweera
2020-04-28
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I have been working with Dayan last 9 years. All of my loans, refinance and tax are done through Opulent.Dayan and his team including Ishara are very helpful and easy to deal.
Edmund Lobo
Edmund Lobo
2019-12-02
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We were new entrants to the cattle farming scene. All the rules and regulations surrounding primary production can be very confusing. The team at Opulent Accountants walked us through all the steps, set up the necessary ABNs and Company / Trust accounts, filed the related pending BAS and Tax returns, and is currently keeping us up-to-date with all ATO related transactions. We recommend them highly to all.