The Australian Commissioner of Taxation has extended the time to enrol for the initial JobKeeper periods, from 30 April 2020 until 31 May 2020.
If you enrol by 31 May you will still be able to claim for the fortnights in April and May, provided you meet all the eligibility requirements for each of those fortnights. This includes having paid your employees by the appropriate date for each fortnight.
Remember: Business must have paid workers the minimum $1,500 a fortnight throughout April. If you have missed payments, you will need to make these by May 8th in order to be eligible for the reimbursement subsidy.
For many businesses, the ATO will use the information captured by STP to help determine their eligibility for JobKeeper payments as well as for any future stimulus.
You can also use new tools in Xero, built to streamline the process of applying for, and processing government relief. Click here to read more.
We can help establish your eligibility and prepare the reports that will be required to prove your decline in GST turnover.