Holidays are nearly here, we understand how busy this time of year gets, especially if you own a business.
To help you get organised so you can hopefully enjoy a well earned break this Christmas, here are some key dates for your diaries regarding Jobkeeper payments.
4 January 2021 – JobKeeper extension 2 starts
The second extension period covers the JobKeeper fortnights between 4 January 2021 and 28 March 2021.
To claim JobKeeper payments for this period, you will need to show that your actual GST turnover has declined in the December 2020 quarter relative to a comparable period (generally the corresponding quarter in 2019). See the actual decline in turnover test.
If there were events or circumstances outside the usual business setting that resulted in the December 2019 comparison period not being appropriate, then an alternative test may apply. See Alternative test
Also, you will need to:
have satisfied the original decline in turnover test, however if you
were entitled to receive JobKeeper for fortnights before 3 January 2021, you have already satisfied the original decline in turnover test
are enrolling in JobKeeper for the first time from 4 January 2021, if you satisfy the actual decline in turnover test, you will also satisfy the original decline in turnover test so you can enrol on that basis
pay your eligible employees at least the JobKeeper amount that applies to them each JobKeeper fortnight – for JobKeeper extension 2, this will be either $1,000 for tier 1 or $650 for tier 2
You must tell your eligible employees which payment rate applies to them within seven days of notifying the ATO of their payment rate.
Note that JobKeeper payments are made to you in arrears. You must have made payments to your employees (met the wage condition) to be reimbursed.
From 4 January 2021 – new decline in turnover form available
Eligible employers will be able to access and submit the decline in turnover form to determine their eligibility to participate in the second JobKeeper Payment extension period from 4 January 2021 to 28 March 2021. This is a helpful extension of two weeks past the usual due date of the 14th day of each month
This new decline in turnover form must be submitted before existing eligible employers can complete their business monthly declarations from 1 February 2021.
4 January 2021 – meet wage condition for JobKeeper Fortnight 20
For JobKeeper Fortnight 20 (21 December 2020 to 3 January 2021), the ATO are allowing employers until the end of Monday 4 January 2021 to meet the wage condition for their eligible employees.
You will need to pay your eligible employees at least the JobKeeper amount that applies to them each JobKeeper fortnight. For JobKeeper extension 2, this will be either $1,000 for tier 1 or $650 for tier 2.
28 January 2021 – business monthly declarations due for December JobKeeper fortnights
Eligible employers can complete their business monthly declaration from 4 January 2021 to be reimbursed for payments made to their eligible employees in JobKeeper Fortnights 18, 19 and 20 (23 November 2020 to 3 January 2021).
The ATO will continue to process monthly declarations to reimburse employers for payments for the month of December past the usual due date of the 14th of the month, until Thursday 28 January 2021.
31 January 2021 – meet wage condition for JobKeeper Fortnights 21 and 22
For the JobKeeper Fortnights 21 and 22 (starting 4 January 2021 and 18 January 2021), the ATO are allowing employers until Sunday 31 January 2021 to meet the wage condition for their eligible employees.
This is to make sure that employers have paid their eligible employees before claiming JobKeeper payments in their February monthly business declarations.
As always, we are here to help. If you need any assistance, or have questions, please contact the office on firstname.lastname@example.org or call on 02 4402 8913