Information being delivered from Federal Government to assist small and medium business in maintaining their staff during the Covid-19 health crisis is evolving quickly. We have been watching these announcements closely to keep you, as employers, as up to date as possible with additional funding you may be able to access in order to maintain your nannies employment. As communicated last week, a temporary cash flow supplement will be released automatically to businesses whose withhold tax activity remains active until September 2020. This supplement will automatically be applied as a credit on your activity statements until September 2020. See the link below.
Last night a further Job Keeper Payment was announced by the Federal Government. This was introduced to encourage and support small and medium business with the ongoing costs related to the employment of staff. To be eligible for this payment at this time, your nannies fortnightly gross wage (before tax) needs to be a minimum of $1500 per employee. The payment will then be available from 1March 2020 for 6 months. To access this payment; employers need to register their interest, see the link below.
We are hoping that those that need to apply will be able to access the payment however we can’t ascertain this yet. If employers who are employing as individuals (that is not operating a business) you will be entitled to access funding and/or if it is available to employers using a WPN instead of an ABN.
We understand everyone has individual needs, assessment requirements and family structures, this advice is of a general nature. We endeavour to keep you as informed as possible during this pandemic.
Remember; social distancing and extreme hygiene practices are still the best preventative to remain safe during this outbreak.