If you qualify and wish to start receiving your JobKeeper reimbursements in May now is the time to act.
Some useful dates to keep in mind:
- 20 April 2020 – applications for JobKeeper are open to employers
- 26 April 2020 – applications cut off date to be eligible to receive the April JobKeeper payments
- 30 April 2020 – all eligible employees participating in the JobKeeper program need to have received the minimum $1500 per fortnight
- 4 May 2020 – employers can claim for April JobKeeper payments
The decline in turnover test has been defined as one of the following periods regardless of your BAS reporting period
– March 20 Vs March 19
– Projected April 20 Vs April 19
– Projected June 20 Quarter Vs June 19 Quarter
If your turnover drops by 30% or more in ANY of the above periods you will qualify.
Turnover includes all items that are included in G1 – Total Sales on your BAS
You only need to pass one of the above tests and then you are in for the whole 6 months even if your turnover goes back up.
Full Time, Part Time and regular casuals who have been with the business for longer than 12 months are all eligible
One non salaried business owner e.g. Partner, Director or Beneficiary is also eligible.
You can’t pick which employees get JobKeeper, its one in all in, unless the employee decides that they do not wish to participate.
You need to inform the employee in writing that you are registering them and ensure they are not being nominated by another business. Then send them JobKeeper employee nomination notice to be completed and returned to you.
The ATO sets out the steps to take very clearly on their website
Click Here for Step by Step Guidance
To enrol you will need to have your My Gov ID setup to access the business portal. If you can do this we can register for you but you will need to notify us that you require us to do so.
Make sure that by the end of April all eligible employees have been paid a minimum of $1500 Gross Per fortnight. If you haven’t been paying employees this month then you can do a top up before the end of the month.
If you need to “top-up” your employees pay so they receive $1500 per fortnight then this needs to be setup correctly in your your payroll software.
The “top-up” payments don’t attract Super but they do attract PAYGW, again please seek advice.
Care needs to be taken where your pay cycle doesn’t align with JobSeeker fortnights. We recommend contacting your accountant for help with this to ensure you don’t miss out.
Xero are also releasing an updates to assist with processing JobKeeper
After 4th May 2020 you can logon to business portal to claim back your JobKeeper payments monthly in arrears.
We are here to help so please contact us if you have any questions.