Update - JobKeeper Payment
Update – JobKeeper Payment
Enrolment for the JobKeeper Payment is now open to eligible employers, sole traders and other entities. For the payment in May it is important to enrol by 26 April 2020.
Enrol for JobKeeper Payment
Please ensure that all eligible employees complete and return the JobKeeper employee nomination notice to you by the end of April if you plan to claim JobKeeper payment for April.
Download the JobKeeper Employee Nomination Notice here
To be eligible for the JobKeeper payment, employers and their employees must satisfy a broad number of criteria. In order to determine your eligibility, please contact your Accountant.
Importantly, the JobKeeper criteria and payments includes other business entities who don’t pay a salary, but take remuneration in the form of dividends or distributions, such as:
-
Sole Traders
-
Companies
-
Partnerships
-
Trusts
JobKeeper Payment – Further Information
Timeframes / key dates
|
Key Dates |
What |
Action |
| From 20 April 2020 onwards | Employer Registration for the JobKeeper payment |
Online Application via ATO Business Portal by 26 April 2020 for May payment. |
|
ASAP – until end of April |
Determine Employee eligibility
|
Send the JobKeeper employee nomination notice to your nominated employees to complete and return to you by the end of April if you plan to claim JobKeeper payment for April. |
|
By the end of April 2020 |
Have paid the minimum of $1,500 for each fortnight from 30 March to 30 April, on or before 30 April 2020 |
Ensure eligible employees are paid on or before 30 April 2020. |
| From 4 May 2020 onwards | Confirm eligible employees | Apply using the ATO Business PortalExternal Link |
Note. If you do not use the STP system or another electronic wage payment system, your application will be processed manually and may incur delays.
Important Next Steps
The JobKeeper support announced by the Government is by far the largest form of support for businesses that are affected by COVID-19. However the rules are complex. It is also important to get right as the government has penalties and fines in place for those who get it wrong.
- Please reach out to us for assistance – this is highly recommended as the rules are complex. We are available via email, phone or zoom meeting.
- We will assess your stimulus package eligibility and any work required, at which point we may provide you with an engagement letter and a fee estimate.
