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JobKeeper 2 Key Dates

JobKeeper Quick Reference

- 30% fall in GST turnover for September quarter compared to previous period 12 month ago

- Can use an alternate test if you meet one of the 7 qualifying circumstances

 

To qualify for JobKeeper 2 your business needs to have experienced a 30% fall in GST turnover for the September quarter compared to the same period 12 months ago.

If you are unable to meet this test there are several alternate tests that you may qualify for if you meet one of the 7 qualifying criteria.

Key dates for JobKeeper 2, the 28th of September, start paying your eligible employees one of the two JobKeeper payments depending on the number of hours they worked in their eligibility period.

From the 28th of September, if you use single touch payroll to notify the ATO of your eligible employees, ensure you include the employees eligible tier as part of your STP reporting. You also need to enrol for the JobKeeper payment if doing so for the first time. Existing employers do not need to re-enrol.

Between the 1st and the 14th of October complete the Jobkeeper monthly business declaration to receive the JobKeeper payment for September. 

Between the 1st and 31st of October prepare and submit your businesses actual decline in turnover to the ATO for the September quarter to qualify for JobKeeper 2.

Before 31 October ensure you have paid your eligible JobKeeper 2 employees the correct amount for the fortnights starting the 28th of September and the 12th of October

From the 1st of November complete the October monthly business declaration to receive the JobKeeper payment for October. Ensure you claim the correct tier for each eligible employee.  

The relevant payment rates for the 28th of September to the 3rd of January are; for employees that worked more than 20 hours in their eligibility period $1,200, and for those that worked less than 20 hours $750

For the period January 4 to March 28; employees that worked more than 20 hours in the eligibility period $1,000, and those that worked less than 20 hours $650

To qualify for one of the alternative turnover methods your circumstances needs to match one of the 7 qualifying criteria.

You commenced business after the comparison period ended

You acquired or disposed of part of your business after the comparison period

You restructured your business after the comparison period

Your business experienced a substantial increase in turnover, 50%, 25% or 12.5% in the relevant alternate test period. 

Your business was affected by drought or natural disaster

Your business had a large irregular variance in turnover during the comparison period. The variance can not be due to seasonal business conditions.

You are a sole trader or small partnership and sickness, injury or leave affected your ability to work, which affected your turnover.

If you need assistance in determining if you are entitled to JobKeeper 2. Or are unsure if you qualify for the alternate tests you can contact us for assistance on 07 4633 9800 or email at admin@acumenaccounting.com.au.