Effective 4 May 2020, employers are required to lodge JobKeeper information through the ATO Portal. Here’s what you need to know.
Step 1 – Enrol for the JobKeeper payment.
You only need to complete this step once. We can assist you with your enrolment.
Step 2 – Identify and maintain your list of eligible employees
Each person that you will claim the JobKeeper payment must be identified.
Step 3 – Make a business monthly declaration
In order to track business progression under the JobKeeper Payment Scheme, each business must provide information as to current and projected turnover on a monthly basis.
Each month you must:
- login to ATO online services
- provide current and projected GST turnover
- reconfirm your eligible employees and your own details
For your employees
There is an obligation that within seven days of enrolling to receive JobKeeper payments, you must provide an Employee Nomination Notice. If you enrolled on or before 1 May 2020, you must satisfy this requirement by 8 May 2020.
We are here to help
Navigating these processes can be tricky and we recommend that you seek advice from your registered tax or BAS agent. Please contact us if you require assistance.
The full update from the ATO can be found here.
Disclaimer: this update is intended as general information only and is not tailored to individual circumstances. Please contact us if you would like specific advice.