Welcome to our special edition of the StewartBrown newsletter where we keep you informed and updated with the latest tax and Government assistance package developments as they arise. This newsletter outlines the JobKeeper package from the employee’s perspective.
The Federal Government recently announced its third raft of measures aimed at stimulating the economy and providing support to businesses, individuals and families. The States and Territories have also announced strategies for each of their various jurisdictions.
The FBT year ends on 31 March 2020 and each employer is required to calculate their liability for FBT. Where a liability for FBT exists, an annual return is required to be lodged and any tax paid by 21 May 2020. However, if the return is lodged electronically by a Tax Agent the due date of lodgement is 25 June 2020 while the payment due date is 28 May 2020.