Now that JobKeeper 1 has finished (on 27 September) and JobKeeper 2 has started (from 28 September) we thought we would give you the key dates that you need to adhere to over coming months.
Last edition of S & W Insight had all the detail of JobKeeper 2 for you to digest. Now it is time to move onto practicalities.
You will need to be clear on whether you are eligible for JobKeeper 2. A good summary of the new rules are shown in this link https://www.ato.gov.au/uploadedFiles/Content/CR/downloads/Extension-of-the-JobKeeper-Payment-factsheet.pdf
Upcoming dates to remember
By 14 October 2020 – lodge JobKeeper report to claim September payment (this is the last payment for JobKeeper 1)
By 31 October 2020 – check your eligibility for JobKeeper 2 Extension 1. You do this by comparing the actual income based on the BAS in the September quarter 2020 to the September quarter 2019, or by using the alternative tests. If 30% or more less than 2019 then you are eligible.
– If you are eligible then you need to enrol by this date
– Nominate employees that are eligible, if this is the first time you are enrolling (in ATO and under payroll software)
– Set up in payroll software JK Tier 1 and 2 in the jobkeeper support page
– Process and pay any top ups for wages for employees below the thresholds for October
By 14 November 2020 – Lodge JK2 extension 1 report to claim October payment
We will continue to give you relevant dates to meet deadlines in upcoming editions of S & W Insight so stay tuned.
As always, if you have any queries don’t hesitate to contact your client manager.
Kreston Stanley Williamson Team
*Correct as of September 2020
*Disclaimer – this article has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under professional standards legislation.