If your business and employees are eligible and have been accepted for the JobKeeper Payment Scheme, then you are required to submit monthly reporting to track how the JobKeeper Payments have affected your business during this COVID-19 period. The Australian Taxation Office (ATO) have recently released further information on what needs to be reported on and how to report this, so you and your business can remain compliant.
Note: The monthly reporting is not to reconfirm your eligibility for the JobKeeper Payment scheme.
The key areas that you will need to report on are listed below:
You will also need to reconfirm your contact and financial institution details for receiving JobKeeper payments each month to ensure payments are going to the correct account.
Regarding the eligible employees, you will need to ensure that each employee is paid at least $1,500 before tax for each JobKeeper fortnight that you are claiming to ensure they are still eligible.
A timeline of ‘JobKeeper fortnights’ is now available on the ATO’s website, including a list of key dates for employers over the life of the program. A fortnight constitutes one of the 13 fortnights starting from 30 March 2020 and ending 27 September 2020.
To complete your monthly reporting, simply follow the three steps below each month:
It is also recommended that you keep a PDF record of each successful JobKeeper monthly declaration, as well as your receipt number. You can generate this through the Print Friendly function.