What will happen to your business when JobKeeper payments cease?
Payments are due to continue to end of September. There may be a change in the eligibility requirements that requires a re-set of eligibility before then.
Then there is the question of whether it will continue beyond that date and whether that will be industry specific rather than all types of business.
No matter what the circumstances, the fact remains that JobKeeper won’t be here forever.
Making JobKeeper work for you
The key to maintaining your cash flow is making the JobKeeper payments work for you. Check how much of your fortnightly wages bill is being funded by JobKeeper. Then consider whether the JobKeeper payment is freeing up cash flow in your business. It may be only a small amount. If possible, try and put some funds aside to help with your cashflow post JobKeeper support.
One of the ways to get value from JobKeeper is to find ways to keep your...