I have some queries regarding the JobKeeper turnover tests/lodgements that I’m hoping someone can clarify for me. I have read through the information provided, but I’m finding it hard to decipher, so hoping someone might be able to answer here & direct me to the appropriate document that outlines the answers.
Firstly, if an entity qualifies for JobKeeper in July, but is expecting an increase in income in August, then a possible drop in September – Does the business need to opt out of the program after claiming for July, or do you just keep going with it?
Secondly, if the entity’s total for the quarter Jul-Sep is projected as 30% decline, is it ok to keep lodging each month?
I’m a little unclear of these types of scenario’s where 1 month will not be 30% down in income.