An update to the ATO’s JobKeeper key dates has revealed that employers who are enrolling for JobKeeper payments for the first time after May can now enrol their business and identify their eligible employees and business participant by the end of the month they are claiming for.
As an example, businesses who are enrolling for JobKeeper for the first time in June will now be able to complete Step 1 and 2 by the end of June, instead of the first JobKeeper fortnight that they were claiming for.
Employers, however, will still need to pay their employees the stipulated $1,500 for each fortnight being claimed.
Institute of Certified Bookkeepers executive chair Matthew Addison said the update was a logical extension.
“The ATO has announced the commissioner’s discretion to provide red tape relief and logical administration to employers who enrol in JobKeeper in the future months,” Mr Addison said.
“The employer now has until the end of the month to enrol with the ATO into JobKeeper. This is a change from enrolling within the relevant JobKeeper fortnight.”
The monthly business declaration — Step 3 — will need to be completed within 14 days of the end of the previous month to receive reimbursements for the JobKeeper payments made in that previous month.
For example, the business monthly declaration for reimbursement of JobKeeper payments for the month of May will now need to be completed by 14 June.
There are nine JobKeeper fortnights left until the end of the program, with the current fortnight ending on Sunday, 7 June.
View the ATO’s JobKeeper key dates here.
The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day
Jotham Lian
Jotham Lian is the editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.
You can email Jotham at: This email address is being protected from spambots. You need JavaScript enabled to view it.
TRENDING
