Copy

JobKeeper 2.0...
The extension is coming to an end.

We are in the final Quarter of JobKeeper and a few things are changing that you need to be aware of:

1. If you previously received JobKeeper for the month of October, November and December you will need to REASSESS your eligibility for JobKeeper payments in January - March.

2. The Payment Rate is changing. See Table below for the new rates. You may need to update your employees payroll if the below rates may affect them.
JobKeeper fortnights tier 1 and 2 rates

JobKeeper fortnights

Tier 1 rate

Tier 2 rate

28 September 2020 – 3 January 2021  

$1,200

$750

4 January 2021 – 28 March 2021

$1,000

$650


https://www.ato.gov.au/General/JobKeeper-Payment/Payment-rates/
Entitlement to Tier 1 and Tier 2 has not changed. To be entitled to the Tier 1 top rate, you must have worked 80 hours over a 28 day period, with the test period being either the month of February or June for self employed persons. For employees, it is is the 28 days that is applicable.

The 28 days finishing on the last day of the last pay period that ended before either:

  • 1 March 2020
  • 1 July 2020.
Assessment eligibility also has not changed, however the test period has. Your business must have experienced a 30% decline in turnover for the Quarter ended 31 December 2020. This decline is compared with the December 2019 Quarter initially, although there are other tests that can be used.
If you would like our office to assess your eligibility, please get in touch as soon as possible.
Due date for lodgement is 31st January. Payment is paid in the month following (in arrears).
Monthly reporting is required (income only) to the ATO by the 14th of each month to receive each JobKeeper Instalment.

Please contact our office on 073818 1666 if you require any assistance with this.
Find Out More
Facebook
Website
Copyright © 2021 P&L Accountants, All rights reserved.


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Email Marketing Powered by Mailchimp