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How To: Run a Sales Turnover Report as a Percentage during COVID-19 in QuickBooks Online

How to Run a report in QuickBooks Online that is relatively simple and will give you the percentage of your Sales Turnover comparing period to this current period as per Treasury regulations

In this recording we show you how easy it is to run a report to view the Sales Turnover and % reduction in the period you are comparing.

On 21 July the Government announced the extension of the JobKeeper Payment for a further six months until 28 March 2021 and is targeting support to those businesses and not-for-profits who continue to be significantly impacted by the Corona-virus.

To support the economic recovery, the Government is extending and further tailoring temporary economic measures to support sectors, regions and communities that will continue to face challenges.

These actions have supported the economy during this extraordinary time, and have set the foundation for a strong economic recovery once the Corona-virus crisis passes.

JobKeeper 2.0 – The new requirements Between April to May 2020, JobKeeper was taken up by 920,000 organisations and around 3.5 million individuals – 30% of pre-Corona-virus private sector employment. On 21 July 2020, the Government announced an extension of the JobKeeper program to 28 March 2021 but with tighter access and reduced rates

JobKeeper 2.1 – JobKeeper eligibility relaxed due to COVID breakout in Victoria.  As foreshadowed in the media, the Australian Federal Government will be relaxing certain testing requirements under the current JobKeeper and JobKeeper Extension subsidy due to start from 28 September 2020.

The relaxation of the JobKeeper rules have been driven by the worsening of COVID-19 outbreaks in Victoria and the negative flow on effects on the Australian economy.

for more information JobKeeper Extension Treasury   or contact your BAS Agent or Accountant for Advice

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