As you are probably aware, the JobKeeper scheme is now active. If your business qualifies for the Scheme it is now necessary to enrol. This is done through the Business Portal using myGov or through us and the Tax Agent Portal. The enrolment needs to be made by 24 April (this Friday) if you wish to be included in respect of April payments.
To be eligible, amongst other things, you will need to meet the reduction in turnover test. As discussed in prior emails this can be complicated and we highly recommend that before enrolling you contact us to confirm the assessment of your turnover. If you claim JobKeeper without meeting the eligibility requirements you may be required to pay back any payments with interest and penalties.
To assist you with the enrolment process we have listed the guides below that may assist:
- JobKeeper Guide – for employers not reporting through Single Touch Payroll (STP)
- JobKeeper Guide – for employers reporting through STP
- JobKeeper Guide – for sole traders
These guides contain useful information on how to enrol and the process from now on.
If you are reporting through STP it is important that your employees are setup to automatically be tagged for JobKeeper payments. Below are the links to guides on how to do this through either MYOB Essentials, MYOB AccountRight, or Xero. If you use alternative software, you will need to contact your software provider to receive instructions on how to process this.
If you have any queries on how to enrol or process your payroll, please let us know. We are working with a number of businesses to assess their eligibility, complete enrolments and arranging the correct processing of payments through their systems. Please note that we are still awaiting some guidance on some issues and the rules are subject to change as this is evolving.
If you have further questions regarding the above you may email us at firstname.lastname@example.org alternatively, 08 6165 4000.