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Businesses warned to make sure the numbers add before applying for JobKeeper

Businesses looking at applying for the JobKeeper payment are being urged to make sure their projections are correct, if that’s what they’re using to prove they’re suffering a 30 percent loss in revenue.

That’s the eligibility threshold for the payment but a projection of revenue loss can be used if they business hasn’t yet reached a 30 percent drop.

JobKeeper allows businesses to keep employees on the books during the coronavirus downturn.

Partner with business advisors HLB Mann Judd Kirstin Stewart told Gareth Parker on Mornings the money will need to be paid back to the tax office, if the projections aren’t accurate.

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Liam Bartlett
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