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ATO updates turnover test guidance

Businesses will be able to use their usual cash or accruals method to calculate projected and current GST turnover for the JobKeeper turnover test, as the ATO provides updated guidance.

ATO updates turnover test guidance
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ATO updates turnover test guidance

The Tax Office has now released further guidance on the basic decline in turnover test, based on GST turnover.

Read more at the Accountants Daily.

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