Question
I have a question about the JobKeeper extension. Can you still get JobKeeper part 2 if you have an actual drop in turnover of 29%?
Answer
The requirement is 30%. Given you are so close to the required turnover decline carefully consider:
- The definition is GST turnover, so we are dealing with taxable supplies
- Carefully peruse for non-assessable deposits which may have been included in error
- Check for deposits for work yet to be done which has not been invoiced.
There may be items you can exclude.