Like share us on facebook

Latest Posts

Some key date coming up for October and November. Also more JobKeeper reminders.

I know you have probably been bombarded with information on...

The COVID-19 Pandemic has forced business to restructure their affairs and adapt to the new landscape. Government too has the opportunity to...

Continues...

As part of the federal Government’s JobMaker Plan, announced in the budget, eligible companies will temporarily be able to carry back tax loss. This...

Continues...

Some key date coming up for October and November. Also more JobKeeper reminders.

I know you have probably been bombarded with information on JobKeeper but we don't want client's to miss out on an entitlement because they forgot an important date, so here is another gentle reminder.

October 2020

21 October

Pay annual PAYG instalment notice.
Lodge and pay September 2020 monthly business activity statement.

28 October

Lodge and pay quarter 1, 2020–21 activity statement if electing to receive and lodge by paper.
Pay quarter 1, 2020–21 instalment notice. Lodge the notice only if you vary the instalment amount.
Pay super guarantee contributions for quarter 1, 2020–21 to funds by this date.

31 October

Lodge tax returns for all entities if one or more prior year returns were outstanding as at 30 June 2020.

Lodge PAYG withholding annual report no ABN withholding.

November 2020

21 November

Lodge and pay October 2020 monthly business activity statement.

25 November

Lodge and pay quarter 1, 2020–21 activity statement if you lodge electronically.

28 November

Lodge and pay quarter 1, 2020–21 Superannuation guarantee charge statement - quarterly if you did not pay enough employee contributions on time for the September quarter.

JobKeeper Key dates

31 October 2020 – wage condition for JobKeeper extension 1

By 31 October 2020 – New entities enrolling for JobKeeper will need to enrol and submit their ‘Check decline in turnover’ form to the ATO online.

For the JobKeeper fortnights starting 28 September 2020 and 12 October 2020 only, the ATO are allowing employers until 31 October 2020 to meet the wage condition for all employees included in the JobKeeper scheme.

For subsequent JobKeeper fortnights (16 and onwards) the payments need to be made within the jobKeeper fortnight to be an eligible payment.

Between 1 and 14 November

Complete a monthly business declaration and advise the ATO of the payment tier being claimed for each eligible employee. Entities will need to submit their ‘Check decline in turnover’ form before they can complete and submit their monthly JobKeeper declaration.

You must identify your eligible employees, eligible business participant or eligible religious practitioners each month before making your JobKeeper monthly declaration.

Submit future JobKeeper monthly declarations between the 1st and 14th of each month to claim JobKeeper payments for the previous month. For example, to be reimbursed for JobKeeper payments paid to your employees in November you will need to complete your declaration by 14 December.

Enrolling after October

You can enrol for JobKeeper until the program closes, provided you meet the eligibility requirements. You will need to enrol by the end of each month to claim reimbursements for JobKeeper fortnights in that month. If you qualify for the September quarter JobKeeper extension but do not enrol until November, you will only be able to claim JobKeeper payments from November on, you will not be able to claim for October.

JobKeeper fortnights

JobKeeper fortnight	Period relating to each JobKeeper fortnight	Employees are paid on or before
14	28 September – 11 October	31 October
15	12 October – 25 October	31 October
16	26 October – 8 November	8 November
17	9 November – 22 November	22 November
18	23 November – 6 December	6 December
19	7 December – 20 December	20 December
20	21 December – 3 January 2021	3 January 2021

Category